Chegg (CHGG) Plummets 10.7% on Q4 Earnings and Q1 Outlook

Chegg (NYSE:CHGG) closed down 10.7% on February 11, 2026, following Q4 2025 results and Q1 2026 guidance. Revenue fell 49% YoY to $72.7 million, and the company posted a net loss of $32.8 million. Adjusted EBITDA dropped to $12.9 million from $37 million. For Q1 2026, revenue is forecast between $60 million and $62 million, well below analyst estimates and a significant decline from $121.4 million in Q1 2025. Restructuring and traffic headwinds from new search interfaces pressured performance. The broader market reacted sharply on the same day as U.S. officials signaled potential 10% tariffs on imports from eight European countries starting February 1, heightening trade uncertainty and pushing the S&P 500 and Dow Jones down over 1.4%. Chegg is down 38.2% YTD and trades at 67.1% below its 52-week high of $1.84.