Chegg: No Major Signs Of Turnaround Yet
CHGGChegg(CHGG) Seeking Alpha·2024-08-19 00:50

J Studios Investment overview I wrote about Chegg Inc. (NYSE:CHGG) previously (14th May 2024) with a hold rating as I wanted to see evidence that CHGG is able to grow its subscribers and that growth can inflect upwards. I remain hold-rated for CHGG as there are still no major signs of improvement that convince me that growth can accelerate from here. 2Q24 earnings (announced on 5th August) It was a very disappointing set of 2Q24 results. Total revenue saw $163.1 million, which was an acceleration in y/y dec ...