Slide 1: Q2-26 Investor Presentation
Q2-26 Investor Presentation August 6, 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 Chegg’s mission is to improve learning outcomes and Who Are We? career opportunities for learners around the world, helping them move from learning to earning. Chegg is an employability platform helping businesses bring new skills to their workforce and giving lifelong learners
Slide 4: Q2-26 Highlights
Q3-26 Highlights We delivered a good second 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 mea
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: Integrating AI to Deliver Speaking and Conversations
Chegg – Language Learning Integrating AI to Deliver Speaking and Conversations AI Speaking Practice AI Conversations AI-Powered Feature: ● Conversational AI provides feedback based on real-life ● Learners practice pronunciation scenarios related to Busuu courses using functional and (e.g., for trave
Slide 7: Chegg – Language Learning Coach
Chegg – Language Learning Coach • Agentic coach understands each learner's goals • Personalized to the context of every interaction • Provides guidance at critical moments • Supports client calls, presentations, and interviews…and more • Delivers learning when it's needed 6
Slide 8: Chegg - Skills Drives Real Business Results
Chegg - Skills Drives 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 adv
Slide 9: 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 10: 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 11: Financial Highlights: Q2 2026 Chegg Revenue
Financial Highlights: Q2 2026 Chegg Revenue We expanded our distribution partnerships, which we expect to contribute more meaningfully later this year, while remaining focused on efficiently managing our academic services products to maximize cash generation. Chegg Study monthly retention contin
Slide 12: Financial Highlights: Q2 2026 Adjusted EBITDA, Free Cash Flow, and CapEx
Financial Highlights: Q2 2026 Adjusted EBITDA, Free Cash Flow, and CapEx Adjusted EBITDA Free Cash Flow CapEx 25 $23 10 42 $6 20 36 5 30 15 24 0 $9 Q2-25 Q2-26 18 10 (5) 12 $7 5 6 $4 (10) 0 0 Q2-25 Q2-26 (15) ($12) Q2-25 Q2-26 $ millions $ millions $ millions Free cash flow was $6.4 million, which
Slide 13: Balance Sheet
Balance Sheet We ended the quarter with cash and investments of $72 million and a net cash balance of $38 million. © 2026 Chegg, Inc. / All Rights Reserved 13
Slide 14: Business Outlook
Business Outlook Q2 2026 Results Q3 2026 Guidance Full Year 2026 Guidance Total Net Revenue $51.8m $43m - $44m Gross Margin % 55% 48%-49% Adjusted EBTIDA1 $9.1m $1m - $2m CapEx $3.7m A decrease of ~60% y/y Free Cash Flow1 $6.4m (1) Non-GAAP financial measure. See appendix for reconciliation of a) Ne
Slide 15: Appendix
Appendix © 2026 Chegg, Inc. / All Rights Reserved
Slide 16: Reconciliation of Net Loss to EBITDA and Adjusted EBITDA
Reconciliation of Net Loss to EBITDA and Adjusted EBITDA © 2026 Chegg, Inc. / All Rights Reserved 16
Slide 17: 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 17
Slide 18: Reconciliation of Net Cash Provided by (Used in) Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by (Used in) Operating Activities to Free Cash Flow © 2026 Chegg, Inc. / All Rights Reserved 18