Chegg Sees Q1 Sales $122M-$125M vs $120.55M Est., Sees FY20 Sales $522M-$527M vs $520.25M Est.

Business Outlook: First Quarter 2020 Total Net Revenues in the range of $122 million to $125 million Chegg Services Revenues in the range of $99 million to $100 million Gross Margin between 67% and 68% Adjusted

Benzinga · 02/10/2020 21:08

Business Outlook:

First Quarter 2020

  • Total Net Revenues in the range of $122 million to $125 million
  • Chegg Services Revenues in the range of $99 million to $100 million
  • Gross Margin between 67% and 68%
  • Adjusted EBITDA in the range of $27.5 million to $28.5 million

Full Year 2020

  • Total Net Revenues in the range of $522 million to $527 million
  • Chegg Services Revenues in the range of $435 million to $437 million
  • Gross Margin between 71% and 72%
  • Adjusted EBITDA in the range of $162 million to $164 million
  • Capital Expenditures in the range of $105 million to $115 million which includes approximately $50 million of net textbook purchases