Chegg's Continued Growth Puts Profitability Within Reach
Educational content provider Chegg's (NYSE: CHGG) second-quarter 2019 earnings report demonstrated that its suite of learning tools, Chegg Services, which encompasses live and video-based tutorials, artificial intelligence (AI)-powered writing and math aids, question-and-answer knowledge databases, and other services, still enjoys growing demand among high school and college students. Released on Monday after the close of trading, the company's filing also illustrates its slow but steady progress toward profitability by generally accepted accounting principles, or GAAP. As we dig into the quarter below, note that all comparative numbers are presented against those of the prior-year quarter.
Data source: Chegg.
Image source: Getty Images.
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