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Chegg — Third Quarter 2026 Earnings Summary

Chegg reported third-quarter 2026 total net revenues of $46.5 million, representing a 40% year-over-year decrease, while achieving an adjusted EBITDA of $5.4 million. The company successfully eliminated all debt and ended the quarter with $43.6 million in cash and investments. Chegg is transitioning its business model from a homework help service to an employability platform, evidenced by new institutional partnerships and the launch of an enhanced Internships.com site. For the fourth quarter of 2026, the company forecasts total net revenues between $38 million and $40 million with an adjusted EBITDA of approximately $1 million.

Company
CHEGG INC
Sector
Consumer Defensive
Industry
Education & Training Services