Chegg Inc ( (CHGG) ) has released its Q2 earnings. Here is a breakdown of the information Chegg Inc presented to its investors.
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Chegg, Inc., a leading student-first connected learning platform, offers a range of educational services including Chegg Study, Chegg Writing, and language learning through Busuu, focusing on enhancing student learning experiences and professional skills development.
In its second quarter of 2025, Chegg reported financial results that exceeded its guidance, with a focus on strategic transformation and AI integration to enhance its offerings. Despite a challenging year-over-year decrease in revenue, the company is committed to evolving into a skills-focused organization, with Busuu and Skills identified as key growth areas.
Key financial highlights for the quarter include total net revenues of $105.1 million, a 36% decrease from the previous year, and a net loss of $35.7 million. Subscription services revenue also saw a decline, while the company maintained a gross margin of 66%. Notably, Busuu achieved a 15% year-over-year revenue increase, driven by growth in both B2C and B2B segments.
Looking forward, Chegg is optimistic about its strategic direction, emphasizing investments in AI and skills development. The company aims to leverage its core academic products to support growth in language learning and workplace readiness, positioning itself for profitability and sustained growth in 2026.