Chegg, Inc. · NYSE:CHGG
Chegg — Q3 2026 Earnings Presentation
20 slides from Chegg's earnings presentation, Nov 3, 2026
Slide 1: Q3-26 Investor Presentation
Q3-26 Investor Presentation November 3, 2026 © 2026 Chegg, Inc. / All Rights Reserved
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements This investor presentation contains forward-looking statements made pursuant to the safe harbor the outcome of any current litigation and investigations, including our litigation against Google and provisions of the Private Securities Litigation Refor
Slide 3: Who Are We?
We put learners first Who Are We? Chegg is a learning and employability platform that helps students and lifelong learners build the skills, confidence, and career readiness to succeed from learning to earning, while helping businesses develop and upskill their workforce. © 2026 Chegg, Inc. / All Ri
Slide 4: Q3-26 Highlights
Q3-26 Highlights We delivered a good third quarter and outperformed our expectations on revenue, adjusted EBITDA, and free cash flow, reflecting our ability to execute against our priorities while investing for future growth. AI is improving operational efficiency across the company and driving mean
Slide 5: Chegg - Language Learning
Chegg - Language Learning Performance platform - helping people communicate with confidence and impact, in any language, when it counts Uniquely designed to serve success seekers who are highly motivated learners aiming for academic and professional excellence. Busuu offers an unparalleled combinati
Slide 6: Chegg – Language Learning and Workplace Performance
Chegg – Language Learning and Workplace Performance Busuu helps learners perform with confidence in another language, when it counts From learning to performance 01 Built for real work moments, from meetings and presentations to client calls and negotiations Language and skills in one path 02 Workpl
Slide 7: The new Busuu: built for real workplace moments
The new Busuu: built for real workplace moments Learners rehearse presentations, client meetings and negotiations with an AI speaking partner, and get feedback only people can give from expert tutors and peers. SLIDE 7
Slide 8: Chegg Language Learning - Key Product Features
Chegg Language Learning - Key Product Features 01 02 03 Live tutoring and peer Goal-based learning path AI speaking partner practice Finds what each learner is working Rehearse presentations, client Expert tutors and the Busuu community towards, then personalises their path meetings and negotiations
Slide 9: Chegg - Skills Drive Real Business Results
Chegg - Skills Drive Real Business Results Helps working adults and students gain practical, role-relevant skills that drive real business results. The programs bridge the gap between today’s job demands and tomorrow’s opportunities — helping employers future- proof their workforce and learners adva
Slide 10: Chegg – Skills Impact
Chegg – Skills Impact Chegg Skills development drives career growth and confidence… • 80% of graduates say that Chegg Skills has positively impacted their career • 71% report their future career outlook has improved • 73% of them believe that their program has prepared them to succeed in their curre
Slide 11: Chegg - Skills
Chegg - Skills We deliver a technology-driven and human-supported learning experience that enhances professional growth. Our programs combine industry-aligned curriculum, personalized coaching, and AI-enabled tools to help learners stay competitive in an evolving job market. FOUNDATIONS OF MOBILITY
Slide 12: Financial Highlights: Q3 2026 Chegg Revenue
Financial Highlights: Q3 2026 Chegg Revenue Our legacy homework-help business continued to decline as expected, while we focused investment on the areas we believe offer the greatest long-term opportunity. We entered into new skilling distribution partnerships, enhanced our language offering, an
Slide 13: Financial Highlights: Q3 2026 Adjusted EBITDA, Free Cash Flow, and CapEx
Financial Highlights: Q3 2026 Adjusted EBITDA, Free Cash Flow, and CapEx Adjusted EBITDA Free Cash Flow CapEx 14 $13 6 $6 42 12 36 10 30 4 8 24 $5 6 18 4 2 12 $6 2 6 $2 0 0 0 Q3-25 Q3-26 Q3-25 Q3-26 Q3-25 Q3-26 $ millions (2) ($1) $ millions $ millions Q3 non-GAAP operating expenses were $31.2 mil
Slide 14: Balance Sheet
Balance Sheet We ended the quarter with $43.6 million in cash and investments and fully repaid our remaining convertible debt. Eliminating our debt was a key objective for 2026 and marks an important milestone in strengthening our balance sheet. © 2026 Chegg, Inc. / All Rights Reserved 14
Slide 15: Business Outlook
Business Outlook Q3 2026 Results Q4 2026 Guidance Total Net Revenue $46.5m $38m - $40m Gross Margin % 52% 46%-48% Adjusted EBTIDA1 $5.4m Approximately $1m CapEx $1.7m Free Cash Flow1 $5.5m (1) Non-GAAP financial measure. See appendix for reconciliation of a) Net Loss to EBITDA and Adjusted EBITDA, b
Slide 16: Appendix
Appendix © 2026 Chegg, Inc. / All Rights Reserved
Slide 17: Reconciliation of Net Loss to EBITDA and Adjusted EBITDA
Reconciliation of Net Loss to EBITDA and Adjusted EBITDA © 2026 Chegg, Inc. / All Rights Reserved 17
Slide 18: Reconciliation of Forward-Looking Net Loss to EBITDA and Adjusted EBITDA
Reconciliation of Forward-Looking Net Loss to EBITDA and Adjusted EBITDA © 2026 Chegg, Inc. / All Rights Reserved 18
Slide 19: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow © 2026 Chegg, Inc. / All Rights Reserved 19
Slide 20: Reconciliation of Operating Expenses to Non-GAAP Operating Expenses
Reconciliation of Operating Expenses to Non-GAAP Operating Expenses © 2026 Chegg, Inc. / All Rights Reserved 20