- Chegg (NYSE:CHGG): Q1 Non-GAAP EPS of $0.28 misses by $0.02; GAAP EPS of -$0.49 misses by $0.52.
- Revenue of $198.38M (+50.8% Y/Y) beats by $13.79M.
- Chegg Services subscribers, an increase of 64%Y/Y to 4.8M.
- 2Q21 Outlook: Net Revenues in the range of $188M to $190M; Chegg Services Revenues in the range of $166M to $168M; Gross Margin between 69% and 70%; and Adjusted EBITDA in the range of $72M to $74M.
- FY21 Outlook: Net Revenues in the range of $790M to $800M; Chegg Services Revenues in the range of $675M to $685M. Gross Margin between 68% and 69%; and Adjusted EBITDA in the range of $275M to $280M.
- Shares -3.6%.
- Press Release