How many users does chegg have

Chegg has not disclosed the number of non-U. The company began mulling international expansion in and forecasts that the international market presents a bigger opportunity than what's available in the U. Some of its investments in its international services include language translation technology. Based on the momentum Chegg has seen in the last quarter of and the opening quarter of , the company raised its guidance for the current year, powered by both the domestic and international businesses.

In college, Hawkey wished he had a place to look up answers to tough problems. His idea: Build a website that had carefully outlined solutions to math, science and engineering problems. He and his partner, Robert Angarita, then a year-old undergrad at the University of Southern California, knew they needed to generate a lot of high-quality answers.

In late Chegg acquired Cramster for an undisclosed sum. After teaming up with an ambitious Iowa State M. Phumbhra and new partner Osman Rashid shortened the name to Chegg and switched their strategy to textbook rentals.

But book purchases, warehousing and shipping bled cash. Rosensweig, now 59, had proven leadership chops, first at New York publisher Ziff Davis, where he ran a Ziff spinoff, tech news site ZDNet, in the late s. Japanese billionaire Masayoshi Son , a Ziff owner and board member, was an investor in Yahoo, a hot internet portal at the time. He recommended Rosensweig for the No. Though none of his pre-Chegg experience touched on education or textbooks, Rosensweig likes to say he was attracted to Chegg because his mother taught public school while he was growing up in Scarsdale, New York, and he had two daughters who were getting ready for college.

First Rosensweig had to raise more capital. In November , with a balance sheet in the red and competition from Amazon, which had started renting textbooks in , he took the company public. Oracle opens Singapore cloud region to support SEA. You agree to receive updates, promotions, and alerts from ZDNet. You may unsubscribe at any time. By signing up, you agree to receive the selected newsletter s which you may unsubscribe from at any time.

You also agree to the Terms of Use and acknowledge the data collection and usage practices outlined in our Privacy Policy. My Profile Log Out. Join Discussion. Chegg believes that the exclusion of the non-cash interest expense provides investors with a better comparison of period-over-period operating results. Beginning January 1, , as a result of our adoption of ASU and accounting for our convertible senior notes entirely as a liability, we are required to compare the total consideration of extinguished convertible senior notes to the respective carrying amounts to record a loss.

Prior to our adoption of ASU , we were required to separately account for the liability debt and equity conversion option components of our convertible senior notes which required us to estimate the fair value of extinguished or converted convertible senior notes and compare to the respective carrying amount to record a loss.

The loss on early extinguishment of debt is not considered a core-operating activity and we believe its exclusion provides investors with a better comparison of period-over-period operating results. Our convertible senior notes embedded conversion options and related capped call instruments meet certain conditions for exclusion as derivative instruments and instead meet conditions to be classified in equity.

The embedded conversion features and capped call transactions are not remeasured as long as they continue to meet the conditions for equity classification, otherwise they are classified as derivative instruments and recorded at fair value with changes in fair value recorded in other expense income, net. The loss on change in fair value of derivative instruments is not considered a core-operating activity and we believe its exclusion provides investors with a better comparison of period-over-period operating results.

The gain on sale of strategic equity investment represents a one-time event to record a gain on our strategic equity investment in a foreign entity that was acquired. The gain on sale of strategic equity investment is a one-time event and we believe its exclusion provides investors with a better comparison of period-over-period operating results.

The transitional logistics charges represent incremental expenses incurred as we transition our print textbooks to a new third party logistics provider. Chegg believes that it is appropriate to exclude them from non-GAAP financial measures because it is the result of an event that is not considered a core-operating activity and we believe its exclusion provides investors with a better comparison of period-over-period operating results. The effect of shares for stock plan activity represents the dilutive impact of outstanding stock options, RSUs, and PSUs calculated under the treasury stock method.

Beginning January 1, , as a result of our adoption of ASU , the effect of shares related to convertible senior notes represents the dilutive impact of outstanding convertible senior notes calculated under the if-converted method which assumes all outstanding convertible senior notes are converted at the beginning of the period resulting in a higher share count when calculating the dilutive impact. Prior to our adoption of ASU , the effect of shares related to convertible senior notes represents the dilutive impact of outstanding convertible senior notes calculated under the treasury stock method.

The effect of shares related to convertible senior notes represents the dilutive impact of our convertible senior notes, to the extent such shares are not already included in our weighted average shares outstanding as they were antidilutive on a GAAP basis. Free cash flow represents net cash provided by operating activities adjusted for purchases of property and equipment and purchases of textbooks and including proceeds from the disposition of textbooks.

Chegg considers free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business after the purchases of property and equipment and textbooks, which can then be used to, among other things, invest in Chegg's business and make strategic acquisitions.

A limitation of the utility of free cash flow as a measure of financial performance is that it does not represent the total increase or decrease in Chegg's cash balance for the period. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any future results, performance or achievements.

All information provided in this release and in the conference call is as of the date hereof and Chegg undertakes no duty to update this information except as required by law. These and other important risk factors are described more fully in documents filed with the Securities and Exchange Commission, including Chegg's Annual Report on Form K for the year ended December 31, filed with the Securities and Exchange Commission on February 22, , and could cause actual results to vary from expectations.

View source version on businesswire. Media Contact: press chegg. After the closing bell Thursday afternoon, Sundial released its third-quarter earnings report. Investors have some reason to hope that Congress might pass a marijuana legalization bill sooner than previously expected. EST Friday despite the company announcing what seemed to be good news. The company is holding a grand opening today of its new Plug Power Innovation Center in Rochester, New York, the company's first green hydrogen and fuel cell gigafactory in the state.

The grand opening will live up to its name, with Plug raising its profile through the invitation of distinguished guests including Senate Majority Leader Chuck Schumer and Rep. Joe Morelle. Investors don't seem to care too much, evidently; as of a. EST today, shares are up Inflation is at a year high. But these Mad Money megatrends could help you fight back. The growth stock's decline on Friday is likely due to the news that major Tesla shareholder and CEO Elon Musk has continued selling shares.

In this article, we discuss the 11 best beaten down stocks to buy today. Growth stocks have taken a beating in the past few days after the United States Labor Department released […]. PayPal specializes in digital payments. Here are two.

EST on Friday. The big decline came after the drugmaker announced initial data from its ongoing phase 1 clinical study evaluating experimental immunotherapy ONCR in treating patients with solid tumors.

Oncorus reported that ONCR was well tolerated. A bevy of Wall Street analysts followed up by lowering their price targets for the stock, adding to today's pain. According to The Fly, four analysts lowered their price targets for the stock as a result of third-quarter results.

The recent spin-off of its managed infrastructure business into a company called Kyndryl NYSE: KD removes a noncore business from its balance sheet. Also, management promised that the two companies would maintain the current combined dividend.

The company crushed Wall Street's estimates on Monday, and many analysts praised the performance the next day. Nearly a week since it reported estimate-crushing earnings for the fiscal third quarter of , shares of rare earth metals miner MP Materials NYSE: MP are marching higher on Thursday, rising 9. MP Materials may not be the lowest-cost miner of rare earth metals, admitted Jefferies this morning in a note covered by StreetInsider.

On Nov. Investors are constantly looking for stocks that will yield massive returns. That being said, finding these stocks can seem like an overwhelming task. Not to mention it can be expensive. Some of the most well-known names like Amazon and Alphabet can put you out thousands of dollars for just a single share. Using the TipRanks database, we were able to pinpoint two stocks with massive u. The metaverse has just begun, and Nvidia CEO Jensen Huang says it will be "much, much bigger" than the physical world.

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