Chegg, Inc. Provides Revenue Guidance for First Quarter 2022 and Full Year 2022
February 07, 2022 at 04:05 pm EST
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Chegg, Inc. provided revenue guidance for first quarter 2022 and full year 2022. For the first quarter 2022, the company expects total net revenues in the range of $200 million to $205 million and Chegg Services Revenues in the range of $183 million to $188 million.
For the full year 2022, the company expects total net revenues in the range of $830 million to $850 million and Chegg Services Revenues in the range of $770 million to $790 million
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Chegg, Inc. provides a student-first connected learning platform. The Company is combining generative artificial intelligence (AI) and human capabilities to provide a personalized learning assistant to be included in its Chegg Study offering. Its service and product offerings fall into two categories: Subscription Services, which encompasses its Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through its websites and on mobile devices, and Skills and Other, which encompasses its Chegg Skills, advertising services, print textbooks and eTextbooks offerings. Chegg Study subscribers have access to personalized, step-by-step learning support powered by AI, computational engines and subject matter experts. Chegg Study Pack is a premium subscription bundle that includes all of the benefits of Chegg Study, as well as Chegg Writing and Chegg Math. Chegg Skills offers programs on technical skills, including AI and data analytics.
CHEGG, INC. 
