Chegg (CHGG) Revenue & Revenue Breakdown


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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

DateRevenueChange
2023-12-31$716.29M-6.60%
2022-12-31$766.90M-1.21%
2021-12-31$776.26M20.47%
2020-12-31$644.34M56.80%
2019-12-31$410.93M27.98%
2018-12-31$321.08M25.88%
2017-12-31$255.07M0.38%
2016-12-31$254.09M-15.69%
2015-12-31$301.37M-1.14%
2014-12-31$304.83M19.27%
2013-12-31$255.57M19.80%
2012-12-31$213.33M24.02%
2011-12-31$172.02M15.51%
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

DateRevenueChange
2024-06-30$163.15M-6.43%
2024-03-31$174.35M-7.25%
2023-12-31$187.99M19.09%
2023-09-30$157.85M-13.67%
2023-06-30$182.85M-2.53%
2023-03-31$187.60M-8.57%
2022-12-31$205.19M24.56%
2022-09-30$164.74M-15.40%
2022-06-30$194.72M-3.72%
2022-03-31$202.24M-2.52%
2021-12-31$207.47M20.66%
2021-09-30$171.94M-13.37%
2021-06-30$198.48M0.05%
2021-03-31$198.38M-3.57%
2020-12-31$205.72M33.57%
2020-09-30$154.02M0.66%
2020-06-30$153.01M16.28%
2020-03-31$131.59M4.85%
2019-12-31$125.50M33.30%
2019-09-30$94.15M0.31%
2019-06-30$93.86M-3.64%
2019-03-31$97.41M1.81%
2018-12-31$95.68M28.88%
2018-09-30$74.24M0.02%
2018-06-30$74.22M-3.54%
2018-03-31$76.95M4.68%
2017-12-31$73.51M17.35%
2017-09-30$62.64M11.23%
2017-06-30$56.32M-10.04%
2017-03-31$62.60M-0.72%
2016-12-31$63.06M-11.61%
2016-09-30$71.34M34.52%
2016-06-30$53.04M-20.43%
2016-03-31$66.65M-2.20%
2015-12-31$68.15M-16.16%
2015-09-30$81.29M21.21%
2015-06-30$67.06M-20.99%
2015-03-31$84.87M0.54%
2014-12-31$84.42M3.54%
2014-09-30$81.53M26.42%
2014-06-30$64.49M-13.31%
2014-03-31$74.39M-3.53%
2013-12-31$77.12M25.21%
2013-09-30$61.59M10.26%
2013-06-30$55.86M-8.45%
2013-03-31$61.02M-10.64%
2012-12-31$68.28M29.80%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 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/ServiceSep 24Jun 24Mar 24Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Subscription Services$119.80M$146.81M$154.05M-----------------
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
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

Chegg's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Subscription Services (100.00%).

Chegg Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 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


TickerCompanyLast Year RevenueLast Quarter Revenue
DAOYoudao$5.39B$1.39B
EDUNew Oriental Education & Technology Group$3.00B$1.21B
GOTUGaotu Techedu$2.96B$946.88M
LRNStride$2.04B$551.08M
ATGEAdtalem Global Education$1.58B$417.40M
TALTAL Education Group$1.49B$429.56M
TWOU2U$945.95M$180.68M
UDMYUdemy$728.94M$195.42M
CHGGChegg$716.29M$163.15M
COURCoursera$635.76M$176.09M
YQ17 Education & Technology Group$170.96M$25.50M
EEIQElite 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.