Chegg Inc Q4 2020 Earnings Call Summary - Thomson StreetEvents

Chegg Inc Q4 2020 Earnings Call Summary

Chegg Inc Q4 2020 Earnings Call Summary - Thomson StreetEvents
Chegg Inc Q4 2020 Earnings Call Summary
Published Feb 08, 2021
21 pages (12270 words) — Published Feb 08, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of CHGG.N earnings conference call or presentation 8-Feb-21 9:30pm GMT

  
Brief Excerpt:

...A. Overview: Last year was unprecedented time for Co. as it transitioned 1,900 employees out of its offices and into remote working environment overnight. 1. a. It was year in which Co. increased its community support, committing over $1m to local organizations, including food banks, who were rising to meet increased need from students across country. Like many, Co. had to meet these challenges head on, but never lost sight of putting students first. i. b. Co. outperformed even its most enthusiastic expectations. B. Highlights: It has always been Co.'s operating assumption that transition to online learning was inevitable, but it certainly didn't know the catalyst would be COVID-19. 1. Believes this massive shift to learning online, accelerated by pandemic, is irreversible trend and is actually more student-centric. a. b. With increased access to digital learning and support, more learners can learn more subjects, on any device, anywhere and anytime, with incredibly high-quality content...

  
Report Type:

Brief

Source:
Company:
Chegg Inc
Ticker
CHGG.N
Time
9:30pm GMT
Format:
PDF Adobe Acrobat
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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 : Great to see the increased revenue guidance for 2021, but I just wanted to ask about assumptions for the second half of the year in particular. It seems to assume, based on the quarterly cadence that you guys laid out, a pretty big slowdown in year-over-year revenue growth. I think you'd noted some assumed headwinds in Required Materials. So can you help roughly frame what you've maybe assumed between the 2 segments in the second half of 2021? I'm just curious about what you're expecting in particular for Chegg Services revenue growth.


Question: Stephen Hardy Sheldon - William Blair & Company L.L.C., Research Division - Analyst : Yes. And so I guess within Required Materials, I guess, are you assuming that revenue in the second half is down a decent amount


Question: Brett Anthony Knoblauch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Congrats on the good quarter. You ended the year with, I guess, a rather big cash position. Obviously, the acquisitions of past have been relatively small to that cash position. What is your capital allocation plan going forward? Is M&A still going to be the #1 priority there? And if that is the priority, I guess where would you look to further expand? Would it be mostly on the Thinkful side now that you have a taste for that market?


Question: Brett Anthony Knoblauch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Perfect. And maybe if I can just ask one more, just regarding maybe the international subscriber count that you guys put out there. Is there any way for you guys to provide a growth rate for that? Should we expect international to account for more than 10% of revenues in 2021?

Table Of Contents

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 Transcript – 2021-02-08 – US$ 54.00 – Edited Transcript of CHGG.N earnings conference call or presentation 8-Feb-21 9:30pm GMT

Chegg Inc at Needham Virtual Growth Conference Transcript – 2021-01-14 – US$ 54.00 – Edited Transcript of CHGG.N presentation 14-Jan-21 5:30pm GMT

Chegg Inc at Raymond James Technology Investors Conference (Virtual) Transcript – 2020-12-08 – US$ 54.00 – Edited Transcript of CHGG.N presentation 8-Dec-20 5:30pm GMT

Chegg Inc at Citi Virtual Education Series Transcript – 2020-11-12 – US$ 54.00 – Edited Transcript of CHGG.N presentation 12-Nov-20 6:00pm GMT

Chegg Inc Q3 2020 Earnings Call Transcript – 2020-10-26 – US$ 54.00 – Edited Transcript of CHGG.N earnings conference call or presentation 26-Oct-20 8:30pm GMT

Chegg Inc at Jefferies Software Virtual Conference Transcript – 2020-09-15 – US$ 54.00 – Edited Transcript of CHGG.N presentation 15-Sep-20 4:00pm GMT

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MLA:
Thomson StreetEvents. "Chegg Inc Q4 2020 Earnings Call Summary" Feb 08, 2021. Alacra Store. May 19, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2020-Chegg-Inc-Earnings-Call-B13587942>
  
APA:
Thomson StreetEvents. (2021). Chegg Inc Q4 2020 Earnings Call Summary Feb 08, 2021. New York, NY: Alacra Store. Retrieved May 19, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2020-Chegg-Inc-Earnings-Call-B13587942>
  
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