Chegg Inc (N:CHGG)
Business Focus: Education & Training Information Providers
| Sector: Industrials | Industry: Professional Information Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3990 Freedom Cir SANTA CLARA CA 95054-1204 |
| Tel: | N/A |
| Website: | https://www.chegg.com |
| IR: | See website |
| Key People | ||
| Daniel L. Rosensweig Co-Chairman of the Board, President, Chief Executive Officer | Richard Sarnoff Independent Co-Chairman of the Board | David Longo Chief Financial Officer, Principal Financial Officer, and Treasurer |
| Nathan J. Schultz Chief Operating Officer | Woodie Dixon General Counsel, Corporate Secretary | Deena Bahri Chief Marketing Officer | Dana Underwood Chief Product Officer |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Chegg Inc revenues decreased 7% to $716.3M. Net income decreased 93% to $18.2M. Revenues reflect Subscription Services segment decrease of 5% to $640.5M, Skills and Other segment decrease of 20% to $75.8M. Net income also reflects Other General & Administrative expenses increase of 18% to $158.6M (expense), Gain/(loss) on early extinguishment of d decrease of 8% to $85.9M (income). |
| Employees: | 1,903 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $993.55M as of Dec 31, 2023 |
| Annual revenue (TTM): | $716.30M as of Dec 31, 2023 |
| EBITDA (TTM): | $68.21M as of Dec 31, 2023 |
| Net annual income (TTM): | $18.18M as of Dec 31, 2023 |
| Free cash flow (TTM): | $163.15M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $269.82M as of Dec 31, 2023 |
| Shares outstanding: | 102,949,023 as of Jan 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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