Chegg 2020 revenue

Chegg Services Revenues grew 62% year-over-year to $162.4 million, or 82% of total net revenues, compared to 76% in Q1 2020 . Net Loss was $65.2 million which included a $78.2 million loss on early extinguishment of debt related to 2025 notes.

There aren’t any compelling reasons to buy Chegg now Chegg stock got overheated during the rally in growth stocks in early 2021. At its all-time high, shares raded at over 90 times earnings, which was clearly an unsustainable valuation for the company as it moved beyond pandemic lockdowns.

Chegg Stock Collapses as More Students Give Up School and Head to Work . Chegg shares lost nearly half their value after the company provided an earnings outlook that raised concern about the health of its business and the overall online education market.

Chegg, Inc., is an American education technology company based in Santa Clara, California. … Chegg. Type of businessPublicFoundedJuly 2005HeadquartersSanta Clara, California, U.S.Founder(s)Aayush Phumbhra Osman Rashid Josh CarlsonKey peopleDan Rosensweig, Chairman, president and CEOChegg – Wikipedia en.wikipedia.org › wiki › Chegg