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Chegg July to September 2021 Financial Results

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Chegg (ticker symbol: CHGG) announced its financial results for July-September 2021 on November 1, 2021.

Financial results for July to September 2021

EPS of 5¢ vs. 19¢ expected.

Net sales of $172 million versus $174 million expected.

Sales growth was +11.6% YoY.

Subscriptions were negatively impacted by the novel coronavirus. Students’ course load fluctuated due to home-based classes and other factors. As a result, usage of learning applications was adversely affected.

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