Chegg Q3 Earnings: Revenue Beat, EPS Beat, Subscribers Down 8%, Company Rolls Out AI-Powered Experience

Chegg Inc (NYSE:CHGG) reported third-quarter financial results Monday after the close. Here’s a look at the key metrics from the quarter.

What Happened: Chegg said third-quarter revenue decreased 4% year-over-year to $157.9 million, which beat the consensus estimate of $152.67 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 18 cents per share, which beat analyst estimates of 17 cents per share.