Chegg Q2 FY26 net loss narrows to $3 million; revenue drops 51% to $51.8 million

Chegg posted Q2 total net revenues of $51.8 million, down 51% year over year; GAAP net loss narrowed to $3 million.

Adjusted EBITDA was $9.1 million, a 17% margin; gross margin was 55%.

Chegg said Q3 total net revenues are expected to be $43 million-$44 million, with gross margin of 48%-49% and adjusted EBITDA of $1 million-$2 million.

Skilling revenues rose 2% year over year to $17.5 million. Management said more than 10,000 students have used its employability beta.