Chegg reported total net revenues of $77.7 million for Q3 2025, a 43% decrease year-over-year, but surpassed revenue expectations and outperformed adjusted EBITDA guidance. The company is undergoing a significant restructuring to focus on its Chegg Skilling business, which is experiencing tailwinds from AI and is expected to drive future growth and profitability.

Chegg delivered a strong second quarter in 2025, surpassing its revenue and adjusted EBITDA guidance. The company reported total net revenues of $105.1 million and adjusted EBITDA of $23.1 million. Despite a year-over-year decline in overall revenue and subscribers, Chegg emphasized its strategic review process, ongoing cost management, and the promising growth of its Busuu and Skills segments, which are positioned as future growth engines.

Chegg reported a decrease in total net revenues and subscription services revenues year-over-year for the first quarter of 2025. Despite a net loss, the company exceeded its revenue and adjusted EBITDA expectations and generated positive free cash flow. Chegg is exploring strategic alternatives and implementing further cost reductions, including a workforce reduction, to align with its business outlook.

Chegg reported a challenging fourth quarter in 2024, with total net revenues decreasing by 24% year-over-year to $143.5 million and a net loss of $6.1 million. Despite these declines, the company surpassed its Q4 guidance for both revenue and adjusted EBITDA, which stood at $36.6 million.