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Chegg Reports 2024 Fourth Quarter and Full Year Financial Results

1. Chegg reported Q4 and full-year 2024 financial results with strategic initiatives. 2. Chegg launched a strategic review and filed a complaint against Google for lost traffic.

Earnings
-32.7%Current Return
VS
-0.5%S&P 500
$1.5902/24 04:09 PM EDTEvent Start
$1.0702/25 10:36 PM EDTLatest Updated
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FAQ

Why Neutral?

The announcement combines solid earnings disclosure with strategic repositioning. While filing a complaint against Google indicates action against competitive pressures, the immediate revenue impact remains uncertain, similar to past cases where legal and review processes created mixed market responses.

How important is it?

The direct disclosure of earnings combined with strategic moves such as a review process and legal action against Google make this news significant for CHGG. Although outcomes are uncertain, these actions are pivotal enough to potentially affect shareholder perception and near-term trading.

Why Short Term?

Market participants are likely to react immediately to the unexpected legal complaint and strategic review news, even though the definitive outcomes may take longer. Similar events in other tech companies have caused short-term volatility amid uncertainty.

Related Companies

GOOG
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the quarter and year ended December 31, 2024. "We made two important and connected decisions to maximize the future of our business and shareholder value. We are launching a strategic review process and filed a complaint against Google, which has unjustly retained traffic that has historically come to Chegg, impacting our acquisitions, revenu.

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