CHGG

Chegg Announces 2nd Annual Global Student Mental Health Week Amid Growing Loneliness Epidemic

Retrieved on: 
Tuesday, February 13, 2024

Chegg, Inc. (NYSE: CHGG), today announced that it has partnered with esteemed non-profits and organizations from around the world for Global Student Mental Health Week 2024, taking place from February 26 to March 3.

Key Points: 
  • Chegg, Inc. (NYSE: CHGG), today announced that it has partnered with esteemed non-profits and organizations from around the world for Global Student Mental Health Week 2024, taking place from February 26 to March 3.
  • In its second year, Student Mental Health Week will have a special focus on tackling student loneliness.
  • The World Health Organization has deemed social isolation an issue and a global health priority , and warned of the impact of loneliness on well-being.
  • Student Mental Health Week will encompass a variety of in-person and digital events, involving students to inform debate and help educate policymakers, educational institutions, and communities on the mental health challenges students face.

Chegg Appoints David Longo as Chief Financial Officer

Retrieved on: 
Monday, February 5, 2024

Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, today announced the appointment of David Longo as Chief Financial Officer, effective February 21.

Key Points: 
  • Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, today announced the appointment of David Longo as Chief Financial Officer, effective February 21.
  • View the full release here: https://www.businesswire.com/news/home/20240205778383/en/
    Mr. Longo currently serves as Vice President, Chief Accounting Officer, Corporate Controller, and Assistant Treasurer at Chegg.
  • He will succeed Andrew Brown, who announced his retirement in the fall of last year, after more than 12 years at Chegg.
  • We are deeply grateful for his financial stewardship over the years and wish him all the best in his retirement.”
    Prior to joining Chegg in December 2021, Mr. Longo served as Chief Accounting Officer for Shutterfly, Inc., a digital retailer and manufacturer of personalized products and services.

Chegg Reports 2023 Fourth Quarter and Full Year Financial Results

Retrieved on: 
Monday, February 5, 2024

Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three and twelve months ended December 31, 2023.

Key Points: 
  • Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three and twelve months ended December 31, 2023.
  • Subscription Services includes revenues from our Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings.
  • While early, our packaging, pricing, and product strategy are yielding encouraging results for both students and our business.
  • Today, I will discuss our financial performance for the fourth quarter and full year 2023, as well as our outlook for the first quarter of 2024.

Chegg to Announce Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, January 11, 2024

Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the fourth quarter and full fiscal year of 2023, which ended December 31, 2023, on Monday, February 5, 2024, after the market close.

Key Points: 
  • Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the fourth quarter and full fiscal year of 2023, which ended December 31, 2023, on Monday, February 5, 2024, after the market close.
  • Chegg will host a conference call to discuss the fourth quarter and full year financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.
  • To access the call, please dial 1-877-407-4018 or outside the U.S. +1-201-689-8471.
  • A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu.

Chegg Announces New $150 Million Accelerated Share Repurchase

Retrieved on: 
Wednesday, November 15, 2023

Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that it has entered into an accelerated share repurchase agreement (“ASR”) with Morgan Stanley Bank, National Association, to repurchase $150 million of Chegg’s common stock.

Key Points: 
  • Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that it has entered into an accelerated share repurchase agreement (“ASR”) with Morgan Stanley Bank, National Association, to repurchase $150 million of Chegg’s common stock.
  • Under the ASR, Chegg will make an initial payment of $150 million to Morgan Stanley Bank, National Association, and will receive an initial delivery of approximately 13.5 million shares of its common stock by November 15, 2023.
  • As of October 31, 2023, $153.7 million remained available for future repurchases under this program and $3.7 million will remain available after completion of the ASR.
  • There is no expiration date for the repurchase program, and it will continue until otherwise suspended, terminated or modified at any time for any reason by our board of directors.

UserWay Expands Executive Leadership with Key Appointments in Product and Communications

Retrieved on: 
Monday, November 20, 2023

WILMINGTON, Del., Nov. 20, 2023 /PRNewswire/ -- UserWay (TASE: UWAY), a full-service provider of digital accessibility technologies, announced the appointments of Sophia Tupolev-Luz as Vice President of Communications and Etay Geller as Vice President of Product.

Key Points: 
  • WILMINGTON, Del., Nov. 20, 2023 /PRNewswire/ -- UserWay (TASE: UWAY), a full-service provider of digital accessibility technologies, announced the appointments of Sophia Tupolev-Luz as Vice President of Communications and Etay Geller as Vice President of Product.
  • Tupolev-Luz is a seasoned B2B communications strategist, economic inclusion advocate, and non-profit leader.
  • Before joining UserWay, she led communications for several socially impactful technology startups and advised many others.
  • Geller brings to UserWay a wealth of experience in product management and a history of successful product launches reaching hundreds of millions of users each month.

Chegg Reports Third Quarter 2023 Earnings

Retrieved on: 
Monday, October 30, 2023

Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2023.

Key Points: 
  • Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2023.
  • Subscription Services includes revenues from our Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings.
  • Chegg had a good quarter, delivering better than expected results, as we saw stabilization in new accounts and increases in overall retention and in the take rate of Chegg Study Pack.
  • Because Chegg is verticalized for learning, what isn’t surprising is that when students try us and compare us to more general AI solutions, Chegg outperforms.

Chegg Reports New Hire Equity Grant Under NYSE Rule 303A.08

Retrieved on: 
Tuesday, October 17, 2023

Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that on October 12, 2023, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan, which was adopted by Chegg’s Board of Directors on October 11, 2023.

Key Points: 
  • Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that on October 12, 2023, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan, which was adopted by Chegg’s Board of Directors on October 11, 2023.
  • Dana Underwood, Chegg’s newly hired Chief Product Officer, received an award of restricted stock units (“RSUs”) representing 243,902 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08.
  • The RSU award will vest with respect to the first 25% of the shares underlying the award after 12 months of continuous service, and the remaining underlying shares will vest in equal quarterly installments for 36 months, after the completion of each full quarter of continuous service thereafter.

Chegg to Announce Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 4, 2023

Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the third quarter of 2023, which ended September 30, 2023, on Monday, October 30, 2023, after the market close.

Key Points: 
  • Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the third quarter of 2023, which ended September 30, 2023, on Monday, October 30, 2023, after the market close.
  • Chegg will host a conference call to discuss the third quarter financial results at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time) on the same day.
  • A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu.
  • An audio replay will be available from 7:30 p.m. Eastern Daylight Time on October 30, 2023, until 11:59 p.m. Eastern Standard Time on November 6, 2023, by calling 1-844-512-2921 or outside the U.S. +1-412-317-6671, with Access ID 13741760.

Chegg Strengthens Executive Leadership Team with Appointment of Dana Underwood As Chief Product Officer

Retrieved on: 
Tuesday, October 3, 2023

Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, today announced that Dana Underwood has joined the company as Chief Product Officer, effective Oct. 2, 2023.

Key Points: 
  • Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, today announced that Dana Underwood has joined the company as Chief Product Officer, effective Oct. 2, 2023.
  • He will also lead the company’s learning pathways, research, design, and product management teams, as well as student advocacy.
  • He brings a wealth of expertise and a proven track record of success to the Chegg team.
  • “We are thrilled to welcome Dana as Chief Product Officer,” said Nathan Schultz, COO of Chegg, Inc. “Dana’s appointment adds further experience and strength to our executive leadership team at this important time.