Chegg's earnings call presented a mixed picture with strong growth in specific areas such as Busuu's B2B segment and the Skills business, alongside significant cost savings and strategic transformations. However, these positives were counterbalanced by a notable overall revenue decline, a decrease in subscribers, and negative free cash flow, leading to cautious optimism about future performance.

Company Guidance

During Chegg Inc.'s Second Quarter 2025 Earnings Conference Call, the company reported surpassing its guidance with $105 million in revenue and $23 million in adjusted EBITDA. Chegg is focusing on reducing non-GAAP expenses by $165 million to $175 million in 2025 and anticipates additional savings in 2026. The company's transformation efforts emphasize growth in their Busuu and Skills businesses. Busuu achieved a 15% year-over-year revenue increase, with B2C revenue up 6% and B2B revenue up 39%. The Skills business, targeting a $40 billion market, saw a 16% increase in enrollments and an 11% rise in monthly active users quarter-over-quarter. Chegg Study continues to innovate with AI-driven features, improving retention rates by 117 basis points in Q2. Looking ahead, Chegg anticipates Q3 revenue between $75 million and $77 million, with adjusted EBITDA between $7 million and $8 million.

Revenue and EBITDA Exceed Expectations

Chegg surpassed its guidance with $105 million in revenue and $23 million in adjusted EBITDA for Q2 2025.

Significant Cost Savings Identified

The company identified additional $17 million in CapEx and expense savings for 2026, on top of previously announced savings of $165 million to $175 million in 2025 and $110 million to $120 million in 2026.

Busuu B2B Growth

Busuu's B2B segment achieved 39% year-over-year revenue growth, with overall Busuu revenue increasing by 15% year-over-year.

Skills Business Enrollment Increase

Enrollments in the Skills business increased 16% quarter-over-quarter, with a focus on AI programs and professional upskilling.

Chegg Study Improvements

Chegg Study saw a 23% lift in user satisfaction and a 17% increase in users intending to use the platform, driven by new AI-powered features and a retention rate increase of 117 basis points in Q2.

Stock Price Compliance Regained

Chegg successfully cured its stock price deficiency and regained NYSE's price listing compliance.

Chegg (CHGG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CHGG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	-0.06 / -	0.09	―	―	―
Aug 05, 2025	2025 (Q2)	0.06 / 0.10	0.24	-58.33% (-0.14)
May 12, 2025	2025 (Q1)	<0.01 / -0.06	0.26	-123.08% (-0.32)
Feb 24, 2025	2024 (Q4)	0.17 / 0.17	0.36	-52.78% (-0.19)
Nov 12, 2024	2024 (Q3)	0.07 / 0.09	0.18	-50.00% (-0.09)
Aug 05, 2024	2024 (Q2)	0.23 / 0.24	0.28	-14.29% (-0.04)
Apr 29, 2024	2024 (Q1)	0.25 / 0.26	0.27	-3.70% (-0.01)
Feb 05, 2024	2023 (Q4)	0.36 / 0.36	0.4	-10.00% (-0.04)
Oct 30, 2023	2023 (Q3)	0.17 / 0.18	0.21	-14.29% (-0.03)
Aug 07, 2023	2023 (Q2)	0.29 / 0.28	0.37	-24.32% (-0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CHGG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$1.29	$1.11	-13.95%
May 12, 2025	$0.69	$0.74	+7.25%
Feb 24, 2025	$1.56	$1.07	-31.41%
Nov 12, 2024	$1.77	$1.58	-10.73%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.