Chegg (CHGG) Revenue & Revenue Breakdown
Chegg Revenue Highlights
Latest Revenue (Y)
$716.29M
Latest Revenue (Q)
$163.15M
Main Segment (Y)
Subscription Services
Main Geography (Y)
UNITED STATES
Chegg Revenue by Period
Chegg Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $716.29M | -6.60% |
| 2022-12-31 | $766.90M | -1.21% |
| 2021-12-31 | $776.26M | 20.47% |
| 2020-12-31 | $644.34M | 56.80% |
| 2019-12-31 | $410.93M | 27.98% |
| 2018-12-31 | $321.08M | 25.88% |
| 2017-12-31 | $255.07M | 0.38% |
| 2016-12-31 | $254.09M | -15.69% |
| 2015-12-31 | $301.37M | -1.14% |
| 2014-12-31 | $304.83M | 19.27% |
| 2013-12-31 | $255.57M | 19.80% |
| 2012-12-31 | $213.33M | 24.02% |
| 2011-12-31 | $172.02M | 15.51% |
| 2010-12-31 | $148.92M | - |
Chegg generated $716.29M in revenue during NA 2023, up -6.60% compared to the previous quarter, and up 223.09% compared to the same period a year ago.
Chegg Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $163.15M | -6.43% |
| 2024-03-31 | $174.35M | -7.25% |
| 2023-12-31 | $187.99M | 19.09% |
| 2023-09-30 | $157.85M | -13.67% |
| 2023-06-30 | $182.85M | -2.53% |
| 2023-03-31 | $187.60M | -8.57% |
| 2022-12-31 | $205.19M | 24.56% |
| 2022-09-30 | $164.74M | -15.40% |
| 2022-06-30 | $194.72M | -3.72% |
| 2022-03-31 | $202.24M | -2.52% |
| 2021-12-31 | $207.47M | 20.66% |
| 2021-09-30 | $171.94M | -13.37% |
| 2021-06-30 | $198.48M | 0.05% |
| 2021-03-31 | $198.38M | -3.57% |
| 2020-12-31 | $205.72M | 33.57% |
| 2020-09-30 | $154.02M | 0.66% |
| 2020-06-30 | $153.01M | 16.28% |
| 2020-03-31 | $131.59M | 4.85% |
| 2019-12-31 | $125.50M | 33.30% |
| 2019-09-30 | $94.15M | 0.31% |
| 2019-06-30 | $93.86M | -3.64% |
| 2019-03-31 | $97.41M | 1.81% |
| 2018-12-31 | $95.68M | 28.88% |
| 2018-09-30 | $74.24M | 0.02% |
| 2018-06-30 | $74.22M | -3.54% |
| 2018-03-31 | $76.95M | 4.68% |
| 2017-12-31 | $73.51M | 17.35% |
| 2017-09-30 | $62.64M | 11.23% |
| 2017-06-30 | $56.32M | -10.04% |
| 2017-03-31 | $62.60M | -0.72% |
| 2016-12-31 | $63.06M | -11.61% |
| 2016-09-30 | $71.34M | 34.52% |
| 2016-06-30 | $53.04M | -20.43% |
| 2016-03-31 | $66.65M | -2.20% |
| 2015-12-31 | $68.15M | -16.16% |
| 2015-09-30 | $81.29M | 21.21% |
| 2015-06-30 | $67.06M | -20.99% |
| 2015-03-31 | $84.87M | 0.54% |
| 2014-12-31 | $84.42M | 3.54% |
| 2014-09-30 | $81.53M | 26.42% |
| 2014-06-30 | $64.49M | -13.31% |
| 2014-03-31 | $74.39M | -3.53% |
| 2013-12-31 | $77.12M | 25.21% |
| 2013-09-30 | $61.59M | 10.26% |
| 2013-06-30 | $55.86M | -8.45% |
| 2013-03-31 | $61.02M | -10.64% |
| 2012-12-31 | $68.28M | 29.80% |
| 2012-09-30 | $52.60M | - |
Chegg generated $163.15M in revenue during Q2 2024, up -6.43% compared to the previous quarter, and up 86.96% compared to the same period a year ago.
Chegg Revenue Breakdown
Chegg Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Subscription Services | $640.52M | $671.97M | - | - | - |
| Chegg Services | - | - | $669.89M | $189.01M | $78.24M |
| Required Materials | - | - | $106.37M | $44.41M | $11.61M |
Chegg's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscription Services (100.00%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Services | $146.81M | $154.05M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Required Materials | - | - | $17.94M | $17.00M | $19.16M | $5.47M | $5.64M | $17.43M | $-9.52M | $25.15M | $-2.04M | $4.80M | $11.56M | $10.28M | $13.45M | $9.11M | $4.17M | $4.81M | $1.18M | $1.45M |
| Chegg Services | - | - | $139.91M | $165.85M | $168.44M | $159.26M | $189.08M | $184.81M | $11.27M | $146.79M | $47.51M | $61.99M | $68.65M | $49.59M | $45.70M | $25.07M | $25.66M | $15.10M | $18.46M | $19.02M |
Chegg's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Subscription Services (100.00%).
Chegg Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Non-US | $99.94M | $115.43M | $86.30M |
| UNITED STATES | $616.36M | $651.47M | $690.00M |
Chegg's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (86.05%), and Non-US (13.95%).
Chegg Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| DAO | Youdao | $5.39B | $1.39B |
| EDU | New Oriental Education & Technology Group | $3.00B | $1.21B |
| GOTU | Gaotu Techedu | $2.96B | $946.88M |
| LRN | Stride | $2.04B | $520.84M |
| ATGE | Adtalem Global Education | $1.58B | $412.66M |
| TAL | TAL Education Group | $1.49B | $429.56M |
| TWOU | 2U | $945.95M | $180.68M |
| UDMY | Udemy | $728.94M | $194.36M |
| CHGG | Chegg | $716.29M | $163.15M |
| COUR | Coursera | $635.76M | $170.34M |
| YQ | 17 Education & Technology Group | $170.96M | $25.50M |
| EEIQ | Elite Education Group | $5.71M | $2.29M |
CHGG Revenue FAQ
What is Chegg’s yearly revenue?
Chegg's yearly revenue for 2023 was $716.3M, representing a decrease of -6.60% compared to 2022. The company's yearly revenue for 2022 was $766.9M, representing a decrease of -1.21% compared to 2021. CHGG's yearly revenue for 2021 was $776.26M, representing an increase of 20.47% compared to 2020.
What is Chegg’s quarterly revenue?
Chegg's quarterly revenue for Q2 2024 was $163.15M, a -6.43% decrease from the previous quarter (Q1 2024), and a -10.78% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $174.35M, a -7.25% decrease from the previous quarter (Q4 2023), and a -7.06% decrease year-over-year (Q1 2023). CHGG's quarterly revenue for Q4 2023 was $187.99M, a 19.09% increase from the previous quarter (Q3 2023), and a -8.39% decrease year-over-year (Q4 2022).
What is Chegg’s revenue growth rate?
Chegg's revenue growth rate for the last 3 years (2021-2023) was -7.73%, and for the last 5 years (2019-2023) was 74.31%.
What are Chegg’s revenue streams?
Chegg's revenue streams in c 23 are Subscription Services
What is Chegg’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Chegg was Subscription Services. This segment made a revenue of $640.52M, representing 100.00% of the company's total revenue.