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29.12.25 - 15:15
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Chegg Announces Repurchase of 0% Convertible Senior Notes Due 2026 (Business Wire)
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SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that it has entered into individual, privately negotiated repurchase agreements with certain holders of its outstanding 0% Convertible Senior Notes due 2026 (the “Notes”) to repurchase approximately $8.9 million in aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately $8.3 million (the “notes repurchase transactions”). The notes repurchase transactions were entered into in connection with Chegg's previously announced securities repurchase program and are expected to close on December 30, 2025, subject to the satisfaction of customary closing conditions. Following the closing, approximately $53.9 million aggregate principal amount of the Notes will remain outstanding and approximately $141.8 million will remain available under Chegg's securities repurchase program.
This press release does not constitute an offer to sell or ...
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09.12.25 - 15:06
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Eric Wang Joins QuillBot as Vice President of Research (Business Wire)
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In his new role, Wang will help advance QuillBot's mission to build AI tools that help people create great things
CHICAGO--(BUSINESS WIRE)--QuillBot, the AI-powered communication platform built to help people create great things, today announced the appointment of Eric Wang as its new Vice President of Research. In this role, Wang will guide innovation across QuillBot's growing suite of intelligent products, driving the next wave of AI that empowers people to express their ideas with greater clarity, creativity, and confidence.
Wang brings nearly a decade of leadership in AI to QuillBot, having most recently served as the VP of AI at Turnitin, where he built the company's AI team from the ground up, driving AI innovation across a wide range of business and product lines. He previously served in data science and research roles at Chegg, Lawrence Livermore National Laboratory, and Duke University.
As VP of Research at QuillBot, Wang will lead the AI, linguistics, and research teams, working across QuillB...
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10.11.25 - 22:06
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Chegg Reports Third Quarter 2025 Earnings (Business Wire)
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Exceeds guidance and builds momentum as a B2B skilling-focused company, targeting a $40B+ marketSANTA 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 Skilling business, and with clarity of purpose, a lower cost structure, and the right assets in place, Chegg is positioned to drive meaningful long-term value for our shareholders.”
Third Quarter 2025 Highlights
Total Net Revenues of $77.7 million, a decrease of 43% year-over-year
Gross Margin of 59%
Non-GAAP Gross Margin of 62%
Net Loss was $17.5 million
Non-GAAP Net Income was $0.4 million
Adjusted EBITDA was $13.3 ...
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27.10.25 - 23:00
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Chegg Earnings: Big Quarter Sends Shares Higher (24/7 Wall St.)
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Chegg (NYSE: CHGG) reported third-quarter results today that showed the company stabilizing losses while revenue continued to slide. The stock rose 3.60% in afternoon trading as investors digested news of Dan Rosensweig's return as CEO and a strategic pivot toward the professional skilling market. Shares are up another 6.25% after-hours after better than expected quarterly numbers. ... Chegg Earnings: Big Quarter Sends Shares Higher
The post Chegg Earnings: Big Quarter Sends Shares Higher appeared first on 24/7 Wall St.....
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27.10.25 - 21:06
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Chegg to Remain a Standalone Public Company to Maximize Shareholder Value (Business Wire)
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Chegg Announces Restructuring to Increase Cash Flow and Build Momentum in the $40+ Billion Skilling Market
Dan Rosensweig to Return as CEO of CheggSANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading learning platform, today announced it will remain a standalone public company and undertake a restructuring. Executive Chairman Dan Rosensweig will reassume the role of President and Chief Executive Officer, effective October 27, 2025. Current President and Chief Executive Officer Nathan Schultz will become an Executive Advisor to the CEO and Board of Directors.
“Leading Chegg has been a privilege. Over my 18 years at the company, we have helped millions of students learn and had a meaningful impact on their lives,” said Schultz. “I am proud of what we have accomplished and excited to see Chegg enter its next era of growth."
“Nathan's impact on Chegg, education and me personally has been immeasurable. The Board and I are deeply grateful for his dedication and contributions. ...
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