NYSE$CHGG

Chegg Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

CHGG Q1 2024 — $174K revenue

All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding our future results of operations and financial position, our bus. Chegg Inc reported Q1 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $174K.
  • Operating income: $2K.
  • Gross profit: $128K.

Headline financials

Total Revenue

$174M

Previous: $188M-7.1%
EPS

-$0.01

Previous: $0.27-103.7%
Capital Expenditures

-$28M

Previous: -$17.2M-63.2%
Free Cash Flow

-$29.4M

Previous: -$15M-96.5%
Net Income

-$1.42M

Previous: $2.19M-165.0%
Operating Income

-$2.49M

Previous: -$4.45M+44.0%
Gross Profit

$128M

Previous: $138M-7.7%
Cash & Equivalents

$144M

Previous: $281M-48.9%
Total Assets

$1.73B

Previous: $2.36B-26.6%
R&D Expense

$44.4M

No prior period
Stock-Based Comp

$29.3M

Previous: $33.7M-13.2%

Revenue & EPS history

Chegg · Revenue · Quarterly

$174M

Q1 2024-7.1%vs Q1 2023
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.7%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+1.6%

Avg return

30 days after

56%

29 / 52 earnings

Positive

+36.7%

Q1 2020

Best reaction

-49.5%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-13.5%-12.1%-5.2%
Q4 2025-10.7%-25.3%-24.0%
Q3 2025+27.8%+22.5%+9.0%
Q1 2025+6.7%+30.4%+127.5%
Q4 2024-31.4%-30.1%-53.2%
Q3 2024-15.1%-7.5%+20.4%
Q2 2024-24.0%-30.0%-30.7%
Q1 2024-27.2%-26.2%-48.3%
Q4 2023-8.8%-8.8%-16.9%
Q3 2023-11.2%-1.5%+20.3%
Q2 2023-0.3%-3.2%-2.6%
Q1 2023-49.5%-43.6%-50.1%
Q4 2022-18.3%-20.6%-22.4%
Q3 2022+19.4%+20.0%+37.2%
Q2 2022+6.5%-2.7%-6.8%
Q1 2022-29.6%-24.6%-24.3%
Q4 2021+20.2%+16.8%+17.5%
Q3 2021-46.0%-48.5%-53.8%
Q2 2021+1.3%-0.8%-4.8%
Q1 2021-7.9%-5.7%-15.5%
Q4 2020+0.2%+11.1%-17.6%
Q3 2020-11.1%-15.4%-16.4%
Q2 2020+5.2%+7.4%-3.7%
Q1 2020+36.7%+49.0%+44.9%
Q4 2019-4.2%-6.2%-14.0%
Q3 2019+9.1%+10.7%+24.5%
Q2 2019+5.3%+2.9%-7.6%
Q1 2019-11.1%-6.9%-9.9%
Q4 2018+8.9%+9.8%+18.3%
Q3 2018+10.6%+12.3%+14.3%
Q2 2018+1.5%-0.6%+15.7%
Q1 2018+2.4%-0.0%+21.6%
Q4 2017+20.2%+22.8%+37.3%
Q3 2017-5.9%-10.6%-9.6%
Q2 2017+7.2%-0.6%+3.2%
Q1 2017+30.9%+27.5%+33.2%
Q4 2016+11.3%+11.8%+11.3%
Q3 2016+1.9%+18.7%+19.5%
Q2 2016+14.1%+22.4%+24.9%
Q1 2016+0.0%
Q4 2015-33.3%
Q3 2015+13.5%
Q2 2015+2.9%
Q1 2015+17.9%
Q4 2014+33.5%
Q3 2013+2.7%
Q3 2014-5.0%
Q2 2013-0.4%
Q2 2014+10.2%
Q1 2013+4.4%
Q1 2014+10.4%
Q4 2013-17.4%
Q4 2012
Q3 2012

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