Chegg’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Chegg is an American education technology company that provides textbook rentals, online tutoring and internship matching services for students. Read more

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President & CEO

Dan Rosensweig

CEO Approval Rating

70/100

Founded:

2005

Status:

PublicNYSECHGG

SIC Code:

Annual Revenue

Employees

Sector

Headquarters

San Francisco Bay Area

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TOP COMPETITORS OR ALTERNATIVES

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Chegg's top 8 competitors are Course Hero, Quizlet, Khan Academy, Amazon, Niche, LinkedIn, The Jay Monahan Center and OpenStudy. Together they have raised over 960.7M between their estimated 816.0K employees. Chegg has 1,087 employees and is ranked 3rd among it's top 10 competitors. The top 10 competitors average 74,065.

Course Hero is seen as one of Chegg's biggest rivals. Course Hero is headquartered in Redwood City, California, and was founded in 2006. Course Hero competes in the Educational Materials field. Course Hero generates 19% the revenue of Chegg.

Quizlet is seen as one of Chegg's top competitors. Quizlet was founded in 2005, and its headquarters is in San Francisco, California. Quizlet operates in the E-Learning industry. Quizlet has 887 fewer employees than Chegg.

Khan Academy is one of Chegg's top rivals. Khan Academy is a NGO/NPO/NFP/Organization/Association company that was founded in Palo Alto, California in 2005. Khan Academy competes in the E-Learning industry. Khan Academy has 362 fewer employees vs. Chegg.

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$504.3M

Chegg's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 36.7B. Over the last four quarters, Chegg's revenue has grown by 62.5%. Specifically, in Q2 2020's revenue was $153M; in Q1 2020, it was $131.6M; in Q4 2019, it was $125.5M; in Q3 2019, Chegg's revenue was $94.2M.

Acquisitions

COMPANY ACQUIRED

ACQUISITION DATE

AMOUNT

DESCRIPTION

Mathway, LLC

Jun 2020

Source »

$100M

Mathway is an online platform that offers personalized learning programs for students.

Thinkful, Inc.

Sep 2019

Source »

$80M

Thinkful is an online coding school that offers boot camp based career accelerator programs in web development and data science.

StudyBlue, Inc.

Jul 2018

Source »

$20.8M

StudyBlue is an online portal that enables students to create and share digital flashcards, quizzes and learning materials.

WriteLab

May 2018

Source »

$15M

WriteLab is an online platform that offers assistance and feedbacks to users in English grammar, sentence formation and writing styles.

Math 42

Oct 2017

Source »

$15M

MATH 42 is a mobile-based application that enables students to practice and learn math step-by-step.

+ See more acquisitions

These are all the companies that Chegg has acquired. Chegg has acquired 14 companies and its latest acquisition was Mathway, LLC in Jun 2020. Mathway is an online platform that offers personalized learning programs for students.

Chegg Funding History

Since Chegg was founded in 2005, it has participated in 9 rounds of funding. In total Chegg has raised $1.4B. Chegg's last funding round was on Aug 2020 for a total of $1.0B

Debt

Aug 2020

$1B

IPO

Nov 2013

$187.5M

Series F

Mar 2012

$15M

Series E

Sep 2010

$75M

Debt

Nov 2009

$55M

Total Funding: $1.4B

Since Chegg was founded in 2005, it has participated in 9 rounds of funding. In total Chegg has raised $1.4B. Chegg's last funding round was on Aug 2020 for a total of $1.0B

Investments

Frank is an online platform that offers federal financial aid services for college students.

$5M

Apr 12, 2020

Equity

These are all the companies that Chegg has invested in. Chegg has invested 14 companies and its latest investment was Mathway, LLC in Jun 2020. Mathway is an online platform that offers personalized learning programs for students.

Chegg News

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August 21, 2020Silicon Valley Daily

Chegg Announces Closing of $1.0 Billion of 0% Convertible Senior Notes Due 2026, Including Full Exercise of Initial Purchasers' $100.0 Million Option to Purchase Additional Notes

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG) today announced that it has closed its... See more »

August 21, 2020News Break

Why Is Chegg Stock Up 100% In 2020? | News Break

After a 130% rise since the March 23 lows of this year, at the current price of around $80 per share ... See more »

August 19, 2020Seeking Alpha

Chegg prices $900M of 0% convertible senior notes due 2026

August 7, 2020The Motley Fool

3 Key Takeaways From Chegg's Earnings Report

The company is benefiting as classrooms are forced to go digital.... See more »

August 6, 2020Investor’s Business Daily

Chegg's 'Boss' Finds Inspiration In Bruce Springsteen's Music

The Chegg CEO isn't just the boss of the education technology giant. Dan Rosensweig takes his persona... See more »

August 5, 2020InvestorPlace

Chegg's Earnings Show That CHGG Stock Is a Winner

InvestorPlace - Stock Market News, Stock Advice & Trading TipsChegg is turning into a global, widespr... See more »

August 4, 2020Benzinga

Wall Street Analysts Lift Chegg Price Targets After Earnings Beat

Chegg Inc (NYSE: CHGG) shares are up 14.4% in the last week after the company reported a second-quart... See more »

Chegg Blogs

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July 13, 2018Chegg Blog

How to Write a Perfect Scoring SAT Essay

The fact that you're reading this article likely means that you're at least leaning toward not skippi... See more »

July 13, 2018Chegg Blog

How to Learn 25 New SAT Vocab Words a Day

No one likes to pass the time flipping through a dictionary. Understandably, then, many students shud... See more »

July 12, 2018Chegg Blog

Strategies for the LSAT Sections

The LSAT test contains three types of multiple-choice questions: Logical Reasoning (2 sections) Readi... See more »

July 12, 2018Chegg Blog

The Ultimate Guide to GRE Percentiles

Almost all graduate programs require applicants to submit GRE scores. Even business schools are getti... See more »

July 12, 2018Chegg Blog

MCAT Scores

It's the age-old question: What MCAT score do I need to get into medical school? Well, as you've prob... See more »

July 10, 2018Chegg Blog

Preparing for the LSAT Writing Sample

Many pre-law students spend little or no time getting ready for the LSAT writing sample. After all, i... See more »

July 10, 2018Chegg Blog

Decisions, Decisions: Should I Retake the GRE?

It's safe to say that no one chooses to retake the GRE just for fun. So, if you're thinking about tac... See more »

Chegg Press Releases

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September 16, 2019centralcharts

Vote to bring Chegg Music 101 with YUNGBLUD to your school

Vote to bring Chegg Music 101 with YUNGBLUD to your school Chegg Music 101, the popular franchise tha... See more »

July 29, 2019PR Newswire

Chegg Reports Q2 2019 Financial Results and Raises Full Year 2019 Guidance

SANTA CLARA, Calif., July 29, 2019 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student... See more »

July 29, 2019PR Newswire

Chegg appoints Dr. Paul J. LeBlanc to Board of Directors

SANTA CLARA, Calif., July 29, 2019 /PRNewswire/ -- Chegg (NYSE: CHGG), the leading student-first conn... See more »

April 1, 2019PR Newswire

The Perfect 'Excuse Email' Generator Tool For Students Developed by Chegg

SANTA CLARA, Calif., April 1, 2019 /PRNewswire/ -- Today, Chegg, Inc. (NYSE: CHGG), A Smarter Way to ... See more »

February 12, 2019centralcharts

Chegg Reports Q4 and Full Year 2018 Financial Results and Raises 2019 Guidance

Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student, today reported financial results for the three a... See more »

January 15, 2019centralcharts

Chegg to Announce Fourth Quarter and Full Year 2018 Financial Results

Chegg Inc. (NYSE: CHGG), a Smarter Way to Student, today announced that it is scheduled to release it... See more »

December 11, 2018Central Charts

Mission San Jose High School Wins Once in a Lifetime Visit from Liam Payne

Chegg Inc. (NYSE: CHGG), the Smarter Way to Student, in partnership with truth, one of the largest an... See more »