Chegg Inc. reported third quarter 2025 total net revenues of $77.7 million, representing a 43% decrease year-over-year. The company posted a gross margin of 59% and a non-GAAP gross margin of 62%. Net loss for the quarter was $17.5 million, while non-GAAP net income was $0.4 million. Adjusted EBITDA was $13.3 million. For the fourth quarter of 2025, Chegg expects total net revenues between $70 million and $72 million, gross margin between 57% and 58%, and adjusted EBITDA in the range of $10 million to $11 million. Full year 2025 guidance includes Chegg Skilling revenues of approximately $70 million and capital expenditures of about $27 million. Chegg has restructured its business to focus on the skilling market, with its Chegg Skilling business showing double-digit growth and benefiting from AI-driven demand.