Chegg, Inc. reported its second-quarter 2025 financial results on August 5, 2025, with total revenue of $105 million, a 36% decrease year-over-year. Subscription Services revenue was $90 million, and the subscriber base declined by 40% year-over-year to 2.6 million, primarily due to Google AI Overviews.
Despite the decline in subscribers, the company noted an increase in retention and average revenue per user (ARPU) year-over-year. Chegg also identified an additional $10 million in operating expense savings and $7 million in capital expenditure savings for 2026, building on previous restructuring efforts.
The company announced that it successfully cured its stock price deficiency during the quarter and regained compliance with the NYSE’s price listing requirements. This resolves a significant regulatory concern that had been outstanding since April 1, 2025.
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