Tickerlog
Monday 7th of February 2022 01:09:50 PM

Chegg Non-GAAP EPS of $0.38 beats by $0.07, revenue of $207.5M beats by $12.3M

  • Chegg press release (NYSE:CHGG): Q4 Non-GAAP EPS of $0.38 beats by $0.07.
  • Revenue of $207.5M (+0.9% Y/Y) beats by $12.3M.
  • Shares +14%.
  • 1Q22 Guidance:
  • Total revenue between $200 and $205 million, with Chegg Services revenue between $183 and $188 million;
  • Gross margin between 71 and 72 percent;
  • And adjusted EBITDA between $56 and $58 million.
  • FY22 Guidance:
  • Total revenue to be in the range of $830 to $850 million, with Chegg Services revenue in the range of $770 to $790 million, and Chegg Services organic revenue growing in the 8 to 10 percent range;
  • Gross margins to be in the range of 70 to 72 percent
  • Adjusted EBITDA to be in the range of $260 to $270 million
  • free cash flow conversion to be in the range 50% to 60% of adjusted EBITDA.

CHGG

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