Edsurge
SEPTEMBER 4, 2019
Chegg , a Santa Clara, Calif.-based The acquisition will cost Chegg about $80 million in cash for Thinkful, with possible additional payments of up to $20 million in cash or stock based on performance, according to a statement Wednesday. Chegg had been holding onto $1.1 Both companies’ boards of directors have approved the deal.
Edsurge
NOVEMBER 12, 2019
Back in 2014, more competition from Amazon had led the Santa Clara, Calif-based Chegg to a deal with book distributor Ingram Content Group. Ingram bought Chegg’s textbook inventory to sell and distribute, and the companies shared the revenues. The Ingram deal was framed as part of Chegg’s strategy to 100 percent digital revenue.
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Edsurge
AUGUST 21, 2019
Chegg The numbers: For the second quarter, ended June 30, Chegg reported an adjusted EBITDA of $31.1 Later this year, Chegg will start testing a bundled product that includes its Study, Math Solver and EasyBib Plus products for a substantial subscription discount, fully deploying the bundle in 2020. on the close of Aug.
Edsurge
MAY 12, 2020
While COVID-19 hit at the tail end of the first quarter, some publicly traded education companies already reported an impact on their Q1 2020 earnings. Chegg The bottom line: Chegg’s first quarter delighted investors. Its Q1 2020 revenue hit $132 million, a 35 percent increase from the same period last year. What’s ahead?
Edsurge
FEBRUARY 23, 2021
The number of employees at corporate clients using the platform jumped 350 percent during 2020, outstripping growth among Codecademy’s higher education users, another growing demographic which doubled last year. Codecademy hired its first chief financial officer last November: former Chegg executive and general manager Adam Goldman.
Edsurge
JULY 28, 2021
As a string of online-education companies have gone public, including Chegg, Coursera, Kahoot and others, it seems that investors have decided that there’s enough public interest in digital learning, and they want in. million in the three months ended March 31, 2020 and $55.4 million in the three months ended March 31, 2020 and $55.4
Edsurge
JANUARY 27, 2021
That leaves 2U, Chegg and Stride (formerly known as K12 Inc.) In 2020, 248 SPACs raised more than $83 billion —more than four times the companies, and six times the funding, over the previous year. He was an early investor in Chegg, which went public in 2013 and whose stock more than doubled in 2020. public market.
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