Chegg (CHGG) Gains on Strong Earnings and Raised Guidance, Firms Raise PTs

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Chegg Reports 2020 Financial Results and Raises 2021 Guidance

February 8, 2021 4:05 PM EST

2020 total net revenue increased 57% year-over-year and subscribers hit a record of 6.6 million, up 67% year-over-year

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student®, today reported financial results for the three and twelve months ended December 31, 2020.

We are incredibly grateful that, even in the midst of the many challenges of the past year, we outperformed all expectations and were able to continue to support students, in record numbers, around the world, said Dan Rosensweig, CEO & President of Chegg, Inc. The transition to online and... More