Chegg Inc Q1 2021 Earnings Call Summary - Thomson StreetEvents

Chegg Inc Q1 2021 Earnings Call Summary

Chegg Inc Q1 2021 Earnings Call Summary - Thomson StreetEvents
Chegg Inc Q1 2021 Earnings Call Summary
Published May 03, 2021
16 pages (9204 words) — Published May 03, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of CHGG.N earnings conference call or presentation 3-May-21 8:30pm GMT

  
Brief Excerpt:

...A. Overview: Despite ongoing global uncertainty, had tremendous start to year. 1. Thanks team for their focus and execution to deliver on Co.'s student-first mission to ensure learners around the world have support and resources they need. a. 2. While US business remains incredibly strong, Co. is excited about significant international growth and is on its way to exceeding 1m subscriber goal. 3. Continues to fire on all cylinders and 1Q results reflect popularity and importance of Chegg Services which experienced 64% subscriber growth, reaching record 4.8m subscribers; almost 1m more subscribers than Co. had in all of 2019. 4. Overall YoverY revenue grew by 51%. 5. Aforementioned results and continued momentum give Co. confidence to once again raise full-year guidance. B. Highlights: Direct-to-consumer platforms, like CHGG, who own relationship with their customer, own data, their channels of distribution, and their content, are in best position to serve their customers, grow faster and...

  
Report Type:

Brief

Source:
Company:
Chegg Inc
Ticker
CHGG.N
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
Buy Now

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Stephen Hardy Sheldon - William Blair & Company L.L.C., Research Division - Analyst : On international, can you talk more about how international subs are finding your platform? I think most are finding it through SEO efforts. But have you started to notice or track, I guess, any positive word-of-mouth referral dynamics in international markets? And is that something that could pick up here over the next couple of years similar to what you've seen over the last 4 to 5 in U.S. markets?


Question: Brett Anthony Knoblauch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : I want to focus a bit more on the skills opportunity. In your prepared remarks, you talked a good bit about it. Can you maybe just provide a little more color on your approach? Is this going to be maybe an offshoot to the Chegg platform, keep that direct-to-student model? Is this going to make Thinkful bigger in terms of expanding the Thinkful content or would it be likely to pursue kind of an opportunistic acquisition in this space to really expand into the skills market a bit more?


Question: Brett Anthony Knoblauch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Perfect. Understood. And if you had to rank over 5 years the growth opportunity, where would this sit versus the international opportunity?

Table Of Contents

Chegg Inc Q2 2021 Earnings Call Summary – 2021-08-09 – US$ 54.00 – Edited Brief of CHGG.N earnings conference call or presentation 9-Aug-21 8:30pm GMT

Chegg Inc at Bank of America TMT Conference (Virtual) Transcript – 2021-06-17 – US$ 54.00 – Edited Transcript of CHGG.N presentation 17-Jun-21 3:00pm GMT

Chegg Inc at William Blair Growth Stock Conference (Virtual) Transcript – 2021-06-03 – US$ 54.00 – Edited Transcript of CHGG.N presentation 3-Jun-21 4:20pm GMT

Chegg Inc at Needham Technology & Media Conference (Virtual) Transcript – 2021-05-19 – US$ 54.00 – Edited Transcript of CHGG.N presentation 19-May-21 2:15pm GMT

Chegg Inc Q1 2021 Earnings Call Transcript – 2021-05-03 – US$ 54.00 – Edited Transcript of CHGG.N earnings conference call or presentation 3-May-21 8:30pm GMT

Chegg Inc at Jefferies Virtual Online Education/e-Learning Summit Transcript – 2021-03-11 – US$ 54.00 – Edited Transcript of CHGG.N presentation 11-Mar-21 5:15pm GMT

Chegg Inc at Morgan Stanley Technology, Media and Telecom Conference (Virtual) Transcript – 2021-03-03 – US$ 54.00 – Edited Transcript of CHGG.N presentation 3-Mar-21 4:00pm GMT

Chegg Inc at Raymond James Institutional Investors Conference (Virtual) Transcript – 2021-03-01 – US$ 54.00 – Edited Transcript of CHGG.N presentation 1-Mar-21 9:40pm GMT

Chegg Inc at Goldman Sachs Technology and Internet Conference (Virtual) Transcript – 2021-02-11 – US$ 54.00 – Edited Transcript of CHGG.N presentation 11-Feb-21 6:10pm GMT

Chegg Inc Q4 2020 Earnings Call Summary – 2021-02-08 – US$ 54.00 – Edited Brief of CHGG.N earnings conference call or presentation 8-Feb-21 9:30pm GMT

More from Thomson StreetEvents

Thomson StreetEvents—Thomson StreetEvents is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Thomson StreetEvents service offers institutional investors a one-stop solution for managing corporate disclosure information by aggregating conference calls, webcasts, transcripts, call summaries, and other financial information into a time-saving, efficiency tool.
Purchase Thomson StreetEvents' Transcripts (verbatim reports) and Briefs (call summaries) of earnings, guidance, M&A and other corporate calls directly through Alacra. Discounted prices apply to reports produced over two weeks ago.

About the Author


Cite this Report

  
MLA:
Thomson StreetEvents. "Chegg Inc Q1 2021 Earnings Call Summary" May 03, 2021. Alacra Store. May 07, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-Chegg-Inc-Earnings-Call-B14655037>
  
APA:
Thomson StreetEvents. (2021). Chegg Inc Q1 2021 Earnings Call Summary May 03, 2021. New York, NY: Alacra Store. Retrieved May 07, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-Chegg-Inc-Earnings-Call-B14655037>
  
US$ 54.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.