NYSE$CHGG

Chegg Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Chegg reported Q3 2025 net revenues of $77.7M with a net loss.

Third-quarter net revenues fell 43% year over year to $77.7 million as the company navigates AI-driven shifts in student learning behavior. Chegg is restructuring costs and repositioning its subscription and skills offerings.

  • Q3 net revenues $77.7M (-43% YoY).
  • AI competition pressuring subscriber trends.
  • Cost actions and product repositioning underway.
  • Cash preservation and strategic review.

Headline financials

Total Revenue

$77.7M

Previous: $137M-43.1%
EPS (adj)

$0.00

Previous: -$2.05+100.0%
Gross margin

59.0%

No prior period
Non-GAAP gross margin

62.0%

No prior period
Adjusted EBITDA

$13.3M

No prior period
Capital Expenditures

-$21.7M

Previous: -$61.7M+64.9%
Net Income

-$17.5M

Previous: -$213M+91.8%
Operating Income

-$17.1M

Previous: -$222M+92.3%
Gross Profit

$46M

Previous: $93.2M-50.6%

Revenue & EPS history

Chegg · Revenue · Quarterly

$77.7M

Q3 2025-43.1%vs Q3 2024
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

The filing outlines Chegg's outlook, including capital allocation, operating priorities, and sector risks relevant to upcoming periods.

Tailwinds

  • Chegg discusses operational execution and demand trends in the filing.
  • Balance sheet and liquidity actions support the business plan.

Headwinds

  • Macro, pricing, and cost inflation may pressure margins.
  • Segment mix and one-time items can affect comparability.

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 Q3 2025

Historical avgQ3 2025

-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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