NYSE:CHGG - New York Stock Exchange, Inc. - US1630921096 - Common Stock - Currency: USD
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at consumer subscription stocks, starting with Chegg (NYSE:CHGG).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Roku (NASDAQ:ROKU) and the rest of the consumer subscription stocks fared in Q4.
Chegg shares are moving lower on Tuesday after the company reported earnings for the 2024 fiscal-year fourth-quarter and issued guidance below estimates.
It looked like Revolve Group (NYSE: RVLV) stock was finally rebounding after a few tough years, but it's been sinking along with the market this year and is now about 75% off of its all-time highs. Revolve operates two fashion websites: Revolve and its high-end sister, FWRD.
Shares of online study and academic help platform Chegg (NYSE:CHGG) fell 32.1% in the morning session after the company reported weak fourth-quarter 2024 results, as both its number of users and services subscribers fell short of Wall Street's estimates, which is never a good look. Revenue plunged 24%, with subscription sales down 23%, highlighting the struggle to keep and attract customers.
Online study and academic help platform Chegg (NYSE:CHGG) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 23.7% year on year to $143.5 million. On the other hand, next quarter’s revenue guidance of $115 million was less impressive, coming in 16.4% below analysts’ estimates. Its non-GAAP profit of $0.17 per share was in line with analysts’ consensus estimates.
Online study and academic help platform Chegg (NYSE:CHGG) will be reporting results tomorrow after market close. Here’s what to look for.