Chegg Reports 49% Q4 Revenue Plunge to $72.7M, Q1 Guide at $60–62M
Chegg’s Q4 2025 net revenue fell 49% year-over-year to $72.7 million, generating a net loss of $32.8 million and reducing adjusted EBITDA to $12.9 million from $37 million. Management forecast Q1 2026 revenue of $60–62 million, roughly half the prior-year period’s $121.4 million.
1. Q4 2025 Financial Results
Chegg’s Q4 2025 net revenue fell 49% year-over-year to $72.7 million, with the company posting a $32.8 million net loss and adjusted EBITDA dropping to $12.9 million from $37 million a year earlier.
2. Q1 2026 Guidance
The company forecast Q1 2026 revenue between $60 million and $62 million, less than half of the $121.4 million reported in Q1 2025, signaling continued top-line pressure and falling short of analyst projections.
3. Restructuring Costs and Traffic Headwinds
Results were dampened by restructuring expenses and ongoing traffic headwinds from search interface changes, underscoring challenges in user acquisition and the need for further cost optimization.