Why Chegg (CHGG) Stock Is Up Today
Shares of online study and academic help platform Chegg (NYSE:CHGG) jumped 5.1% in the afternoon session after the company reported decent first quarter 2025 results, which blew past analysts' EBITDA expectations, aided by aggressive cost-cutting from the previous year's restructuring plans. In addition, its revenue outperformed Wall Street's estimates. Yet, sales shrank 30%, and subscriber numbers plunged 31%, making it clear that fewer students are turning to the platform.