NYSE$CHGG

Chegg Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

CHGG Q2 2024 — $163K 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 Q2 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: $163K.
  • Gross profit: $118K.
  • Filed on Form 10-Q (accession 0001364954-24-000072).

Headline financials

Total Revenue

$163M

Previous: $183M-10.8%
EPS

-$6.01

Previous: $0.28-2246.4%
Capital Expenditures

-$45.8M

Previous: -$33.9M-35.3%
Free Cash Flow

-$663M

Previous: -$9.25M-7062.8%
Net Income

-$617M

Previous: $24.6M-2606.4%
Operating Income

-$485M

Previous: -$18.7M-2494.2%
Gross Profit

$118M

Previous: $135M-13.1%
Cash & Equivalents

$133M

Previous: $175M-24.1%
Total Assets

$1.11B

Previous: $1.97B-43.4%
R&D Expense

$43.7M

No prior period
Stock-Based Comp

$18M

Previous: $35.9M-49.8%

Revenue & EPS history

Chegg · Revenue · Quarterly

$163M

Q2 2024-10.8%vs Q2 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 Q2 2024

Historical avgQ2 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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