Why Chegg Stock Popped - CEO Daniel Rosensweig

Shares of Chegg (NYSE: CHGG) jumped nearly 9% on Tuesday after the connected learning platform company released its second-quarter results. 

Chegg's total net revenue jumped 26% year over year to $93.9 million, besting Wall Street's expectations for revenue of $92 million. 

Notably, Chegg Services saw its subscriber count rise by 30%, to 2.2 million, while Chegg Study content views increased by 25%, to 198 million.

"Chegg Study remains our largest service and serves as the center of our growth funnel," CEO Dan Rosensweig said in a press release. "It provides students with the essential support through their academic journey and does so online, with high-integrity content, in multiple formats, and meets them at whatever academic level they are at."

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