Chegg (CHGG) Tops Q2 EPS by 1c, provides guidance

Chegg (NYSE: CHGG) reported Q2 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $163.1 million versus the consensus estimate of $160.08 million.

GUIDANCE:

Chegg sees Q3 2024 revenue of $133-135 million, versus the consensus of $143 million.
Subscription Services Revenues in the range of $116 million to $118 million
Gross Margin between 67% and 68%
Adjusted EBITDA in the range of $19 million to $21 million

For earnings history and earnings-related data on Chegg (CHGG) click here.

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