🔹 Revenue: $77.7M (Est. $76.3M) 🟢; DOWN -43% YoY
🔹 EPS: $0.00 (Est. ($0.06)) 🟢
🔹 Gross Margin: 59%
🔹 Adj EBITDA: $13.3M
Guidance (Q4’25)
🔹 Revenue: $70–72M (Est. $83.7M) 🔴
🔹 Skilling Revenue: $18M; UP +14% YoY
🔹 Gross Margin: 57–58%
🔹 Adjusted EBITDA: $10–11M
Full-Year 2025
🔹 Skilling Revenue: ~$70M
🔹 CapEx: ~$27M
Strategic Shift
🔹 Company restructuring to focus on Chegg Skilling (language + skills)
🔹 Legacy academic services now focused on cash generation
🔹 Targeting the $40B+ corporate skilling market
Management Commentary
🔸 “AI disruption changed student traffic patterns; we’ve restructured to lean into skilling and B2B growth.” – CEO Dan Rosensweig
🔸 “We expect Chegg Skilling to continue double-digit growth going forward.”