Chegg (CHGG) Q1 2026 Earnings Transcript
Chegg reported $17.6 million in revenue from Chegg Skilling and $45.7 million from Academic Services for Q1 2026, with a 9% year-over-year growth in Chegg Skilling revenue. The company achieved positive net income for the first time in two years and forecasts double-digit growth for Chegg Skilling for the full year.
Chegg reported its Q1 2026 earnings, with Chegg Skilling contributing $17.6 million and Academic Services $45.7 million in revenue. Chegg Skilling revenue grew 9% year over year, with management forecasting double-digit growth for the full year. The company achieved positive net income for the first time in two years. Non-GAAP operating expenses were $36.4 million, a 55% reduction from the prior year. Adjusted EBITDA was $15.5 million, with a 24% margin. Chegg is transitioning to an AI-first approach, enabling lower costs and enhanced quality. The company has new partnerships with Cornerstone and Wolf, and expects to fully repay its convertible debt by September 2026.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.