Chegg

CHGG

Market cap $106M

Chegg, Inc. CHGG reported break-even earnings in the third quarter of 2025, which topped the Zacks Consensus Estimate but declined year over year. Net revenues topped the consensus mark but tumbled year over year.

Chegg, Inc. ( CHGG ) Q3 2025 Earnings Call November 10, 2025 4:30 PM EST Company Participants Tracey Ford - Vice President of Investor Relations Daniel Rosensweig - Executive Chairman & CEO David Longo - CFO, Principal Financial & Accounting Officer and Treasurer Conference Call Participants Eric Sheridan - Goldman Sachs Group, Inc., Research Division Devin Au - KeyBanc Capital Markets Inc., Research Division Ryan MacDonald - Needham & Company, LLC, Research Division Presentation Operator Ladies and gentlemen, greetings, and welcome to the Chegg, Inc. Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Chegg (CHGG) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to earnings of $0.09 per share a year ago.

SANTA CLARA, Calif--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2025. “This quarter marks an inflection point for Chegg with our recent decisive action to streamline our structure, strengthen our balance sheet, and focus Chegg on the large and growing skilling market,” said Dan Rosensweig, CEO and Executive Chairman of Chegg. “AI has created tailwinds for our Chegg Skil.

Chegg, Inc. CHGG is scheduled to report its third-quarter 2025 results on Nov. 10, after market close. In the last reported quarter, the company's adjusted earnings per share (EPS) and net revenues topped the Zacks Consensus Estimate by 143.5% and 3.7%, respectively.

The rising effectiveness of artificial intelligence is making this business obsolete.

The shift toward digital learning continues to create both winners and laggards in the education technology or EdTech space. Chegg CHGG and Duolingo DUOL represent two very different trajectories within this transformation.

Chegg's stock is down 99% as free AI tools like ChatGPT have made its paid homework help model obsolete, causing massive subscriber and traffic declines.

Chegg is laying off 45% of its workforce, or 388 employees. The company blamed the "new realities" of artificial intelligence and diminished traffic from search engines like Google.

Educational technology company Chegg said on Monday it would cut 388 roles globally, or about 45% of the workforce, to reduce costs and streamline operations as it works to adapt to the growing shift toward AI-powered tools.