Articles from Chegg

Chegg, Inc. (NYSECHGG) today announced its third annual Global Student Mental Health Week will take place February 24 to March 2. Partnering with leading global nonprofits, higher education institutions, influencers, and more, this year’s initiative centers on the theme of “In It Together,” emphasizing the power of support networks and shared experiences.

Chegg’s (NYSECHGG) 2025 Global Student Survey found that although four in five (80%) students worldwide have used GenAI to support their university studies, trust remains an issue. Among those who have used the technology to support their studies, 53% express concern about receiving incorrect or inaccurate information – making it the top concern globally, up from 47% in 2023. Accuracy is also a key barrier for 38% of students who have not used GenAI to support their studies. These two findings could point to an explanation behind why 50% of students globally are calling for the creation of GenAI tools specifically designed for education purposes. Other improvements students requested included the involvement of human expertise in generating answers (49%) and data privacy safeguards (38%).

Chegg, Inc. (NYSECHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Monday, February 24, 2025, after market close for the fourth quarter of 2024, which ended on December 31, 2024. Chegg will host a conference call to discuss the fourth quarter and full year financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.

Chegg, Inc. (NYSECHGG), a leading student-first connected learning platform, today announced that on December 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Chegg, Inc. (NYSECHGG), a leading student-first connected learning platform, today announced that it has entered into individual, privately negotiated repurchase agreements with certain holders of its outstanding 0% Convertible Senior Notes due 2026 (the “Notes”) to repurchase approximately $116.6 million in aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately $96.2 million (the “note repurchase transactions”). The note repurchase transactions were entered into in connection with Chegg’s previously announced securities repurchase program and are expected to close on December 3, 2024, subject to the satisfaction of customary closing conditions. Following the closing, approximately $127.9 million aggregate principal amount of the Notes will remain outstanding and approximately $207.5 million will remain available under Chegg’s securities repurchase program.

Chegg, Inc. (NYSECHGG), a leading student-first connected learning platform, today announced that on November 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2024.

Busuu, a Chegg service and language learning provider with over 120 million registered users1, today unveiled the Busuu Conversations feature to empower language learners to speak confidently and naturally in their journey to achieve speech proficiency. Through artificial intelligence-simulated exchanges, Busuu users can practice two-way dialogues that mimic everyday scenarios and receive real-time feedback from AI on their performance.

Chegg, Inc. (NYSECHGG), a leading student-first connected learning platform, today announced that on October 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Chegg, Inc. (NYSECHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Tuesday, November 12, 2024, after market close for the third quarter of 2024, which ended on September 30, 2024. Chegg will host a conference call to discuss the third-quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.

Chegg, a leading student-first online learning platform, announced today that Sarah Bond and Dr. Paul LeBlanc are departing its board of directors.

Chegg, Inc. (NYSECHGG), a leading student-first connected learning platform, today announced that on September 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Chegg, Inc. (NYSECHGG), a leading student-first connected learning platform, today announced that on August 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today reported financial results for the three months ended June 30, 2024.

As the new school year approaches, Chegg, Inc. (NYSECHGG), a leading student-first online learning platform, announced today, a new partnership that will bring Max’s iconic programming to Chegg subscribers. Starting today, the Max with Ads plan* is included with a U.S. Chegg Study or Chegg Study Pack subscription.

Chegg, Inc. (NYSECHGG), a leading student-first connected learning platform, today announced that on July 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Chegg, Inc. (NYSECHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Monday, August 5, 2024, after market close for the second quarter of 2024, which ended June 30, 2024. Chegg will host a conference call to discuss the second-quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.

Busuu, a Chegg service and language learning provider with over 120 million registered users1, today announced its new AI-powered feature, ‘speaking practice,’ to help learners practice speaking another language in their own time, in a safe, judgment-free space. The new feature combines AI-powered feedback and personalized pronunciation practice with videos of native speakers that help learners build confidence with their listening and pronunciation skills. According to a survey commissioned by Busuu and EY-Parthenon, 55% of learners are focused on improving their conversational skills and 66% of learners prefer ‘listen & repeat’ exercises.

Chegg, a leading student-first online learning platform, announced today that it has chosen Amazon Web Services (AWS) as its preferred cloud provider to advance its AI strategy and drive innovation in education. As part of a five-year agreement with AWS, Chegg is set to capitalize on AWS's advanced AI capabilities to enhance the personalized learning experience for students worldwide.

Chegg, Inc. (NYSECHGG), a leading student-first online learning platform, announced the appointment of Chris Mason as Chief Business Officer today.

Chegg, a leading student-first online learning platform, announced a restructuring plan today and published a Shareholder Letter describing its comprehensive strategy to refocus the company on its core audience – students – and provide 360 degrees of individualized support to learners in high school, college, and around the world.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that on June 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, published its third annual Environmental, Social, and Governance (ESG) report for the 2023 reporting year. The report covers key milestones, policies, programs, and disclosures across the company’s six ESG pillars: Focus on People, Act Responsibly, Help Learners, Operate Sustainably, Give Back, and Govern Effectively. The report also aligns disclosures to various reporting frameworks (GRI and SASB) and addresses our program’s alignment with the U.N. Sustainable Development Goals (SDG).

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that on May 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Chegg, Inc. (NYSECHGG) today announced the newest members of its Academic Advisory Board, strengthening its presence in the UK and Australia, and further reinforcing its commitment to student learning success and academic integrity. To ensure the student voice is strongly represented alongside that of leading academics, Chegg also launched a new Student Advisory Council.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced the appointment of Nathan Schultz as President and Chief Executive Officer, effective June 1. Schultz will succeed Dan Rosensweig, who will step up to the role of Executive Chairman after 14 years as CEO.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today reported financial results for the three months ended March 31, 2024.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that on April 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the first quarter of 2024, which ended March 31, 2024, on Monday, April 29, 2024, after the market close. Chegg will host a conference call to discuss the first quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced the appointment of Deena Bahri as Chief Marketing Officer, effective March 27, 2024.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that on March 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. Twenty-one newly hired employees received, in the aggregate, awards of restricted stock units (“RSUs”) representing 80,771 shares of Chegg common stock, in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSUs will vest with respect to the first 33 1/3% of the shares underlying each award after 12 months of each respective employee’s continuous service, and the remaining underlying shares will vest in equal quarterly installments for 24 months, after the completion of each full quarter of continuous service thereafter.

Chegg, Inc. (NYSECHGG), today announced that it has partnered with esteemed non-profits and organizations from around the world for Global Student Mental Health Week 2024, taking place from February 26 to March 3. In its second year, Student Mental Health Week will have a special focus on tackling student loneliness. The World Health Organization has deemed social isolation an issue and a global health priority, and warned of the impact of loneliness on well-being. The Chegg.org Global Student Survey uncovered startling findings about student mental health: 59% of those polled globally say they do not sleep enough, 54% say they have experienced daily feelings of anxiety, and 46% say they have experienced academic burnout.[1]

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced the appointment of David Longo as Chief Financial Officer, effective February 21.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today reported financial results for the three and twelve months ended December 31, 2023.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the fourth quarter and full fiscal year of 2023, which ended December 31, 2023, on Monday, February 5, 2024, after the market close. Chegg will host a conference call to discuss the fourth quarter and full year financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that it has entered into an accelerated share repurchase agreement (“ASR”) with Morgan Stanley Bank, National Association, to repurchase $150 million of Chegg’s common stock.

According to a new global study, 40% of undergraduates worldwide say they have used generative AI (GenAI) for their college/university studies, with Kenya (63%), Canada (54%), Saudi Arabia and Spain (both 62%) ranking the highest. The U.K. (19%), U.S. (20%) and South Korea (23%) ranked last in terms of GenAI usage. Among students who have used GenAI for their studies, 50% input a question into GenAI tools once a day or more. However, while students around the world appear to view GenAI as a helpful learning support tool, they still see room for improvement, with 55% of all those surveyed calling for the involvement of human expertise in generating answers. At the same time, nearly half (47%) of the 40% who say they have used GenAI in their studies are concerned about receiving incorrect or inaccurate information.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2023.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that on October 12, 2023, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan, which was adopted by Chegg’s Board of Directors on October 11, 2023. Dana Underwood, Chegg’s newly hired Chief Product Officer, received an award of restricted stock units (“RSUs”) representing 243,902 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSU award will vest with respect to the first 25% of the shares underlying the award after 12 months of continuous service, and the remaining underlying shares will vest in equal quarterly installments for 36 months, after the completion of each full quarter of continuous service thereafter.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the third quarter of 2023, which ended September 30, 2023, on Monday, October 30, 2023, after the market close. Chegg will host a conference call to discuss the third quarter financial results at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time) on the same day.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that Dana Underwood has joined the company as Chief Product Officer, effective Oct. 2, 2023. In this new role, Dana will be responsible for elevating Chegg’s student experience, driving its product execution, and leveraging the power of AI to expand who the company serves and how it serves them. He will also lead the company’s learning pathways, research, design, and product management teams, as well as student advocacy.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced its board of directors has authorized an increase of $200 million as part of its securities repurchase program. The program allows Chegg to buy back its common stock and/or convertible notes, through open market purchases, block trades and/or in privately negotiated transactions or pursuant to Rule 10b5-1 plans, in compliance with applicable securities laws and other legal requirements. In addition to this increased $200 million securities repurchase authorization, Chegg has approximately $89 million remaining from its previously announced $2 billion securities repurchase program. The timing, volume, and nature of any repurchases will be determined by Chegg’s management, in consultation with the board’s Finance Committee, based on its evaluation of the capital needs of the business, market conditions, applicable legal requirements, and other factors. The repurchase program has no expiration date and will continue until otherwise suspended, terminated, or modified at any time for any reason by our board of directors. Chegg currently expects to fund the repurchase program from its existing cash balance and future cash flows from operations.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today reported financial results for the three months ended June 30, 2023.

Chegg, Inc. (NYSECHGG), the leading student-first online learning company, announced today its partnership with Scale AI, the data infrastructure for AI, to develop proprietary large language models (LLMs) to provide a generative experience through Chegg’s personalized learning assistant.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the second quarter of 2023, which ended June 30, 2023, on Monday, Aug. 7, 2023, after the market close. Chegg will host a conference call to discuss the second quarter financial results at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time) on the same day.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, announced the release of its 2022 Environmental, Social, and Governance (ESG) report. The comprehensive report outlines Chegg’s commitment to ethical management, an empowered employee culture, environmentally sustainable practices, responsible product and service development, and fostering positive societal impact.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that it has been selected as “Enhanced Curriculum Solution Provider of the Year” in the 5th annual EdTech Breakthrough Awards program conducted by EdTech Breakthrough, a leading market intelligence organization that recognizes the top companies and solutions in the global educational technology market.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today reported financial results for the three months ended March 31, 2023.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that Colin Coggins joined the company as Senior Vice President of Chegg Skills, effective May 1, 2023. It also announced the appointment of Chris Mason, who joined the company on April 24, 2023, as Senior Vice President of Business Operations.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced CheggMate, a new AI enhanced learning service built with OpenAI’s most advanced model, GPT-4. CheggMate will leverage Chegg’s leading personalized learning platform, proprietary data set, and the advanced problem-solving capabilities of GPT-4, to create an AI conversational learning companion that will empower students to learn in real-time more effectively, and with greater accuracy than ever before.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the first quarter of 2023, which ended March 31, 2023, on Monday, May 1, 2023, after the market close. Chegg will host a conference call to discuss the first quarter financial results at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time) on the same day.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today announced that it has entered into an accelerated share repurchase agreement (“ASR”) with J.P. Morgan Chase Bank, National Association to repurchase $150 million of Chegg’s common stock.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today reported financial results for the three and twelve months ended December 31, 2022.

Chegg, Inc. (NYSECHGG), today announced that it has partnered with five esteemed non-profits to establish Student Mental Health Week from February 6 to February 12, 2023. The inaugural global initiative, which Chegg plans to run annually, seeks to destigmatize mental health among students, encourage young people to be intentional about looking after themselves, and inspire conversations around what policymakers, education institutions, the wider community, parents, and learners themselves can do to support student mental wellness.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the fourth quarter and full fiscal year of 2022, which ended December 31, 2022, on Monday, February 6, 2023, after the market close. Chegg will host a conference call to discuss the fourth quarter and full fiscal year financial results at 1:30 p.m. Pacific Standard Time (4:30 p.m. Eastern Standard Time) on the same day.

Chegg, Inc. (NYSECHGG), the leading student-first online learning company, today announced a global partnership with Calm, in which Chegg Study Pack users will gain free access to Calm Premium’s subscription service with hundreds of hours of content in seven languages. This includes guided meditation for anxiety and stress, over 100 sleep stories, and exclusive music tracks to cultivate focus and relaxation.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2022.

Today, Chegg Inc. (NYSECHGG) the leading student-first connected learning platform, announced the promotion of Nathan Schultz to Chief Operating Officer, effective immediately. Schultz has served in various roles at Chegg for 15 years, and was previously President of Learning Services, where he was responsible for all aspects of Chegg’s learning tools. Throughout his career, he has successfully overseen Chegg’s required materials service, Chegg Study, Writing, and Math, the creation of the Chegg Study Pack, international growth, and the acquisition and integration of new services such as skills accelerator, Thinkful and language learning service, Busuu.

Chegg, Inc. (NYSECHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the third quarter of 2022, which ended September 30, 2022, on Tuesday, November 1, 2022, after the market close. Chegg will host a conference call to discuss the third-quarter financial results at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time) on the same day.

Chegg, Inc. (NYSECHGG) today announced a new academic advisory board, strengthening its commitment to student learning success and academic integrity, and helping every student achieve their best in school and beyond. The board, made up of senior academic officials, will provide feedback on Chegg's product offerings and strategies to help the company better understand faculty's needs and challenges.

Chegg (NYSECHGG), the leading student-first connected learning platform, today, announced that Lauren Glotzer, former Executive Vice President of Television Strategy & Operations at Sony Pictures Entertainment (SPE) has joined Chegg's C-Suite as the new Chief Strategy Officer, effective April 12th, 2021.