Chegg sues Google for hurting traffic with AI summaries (2025)
Analysts polled by LSEG had expected $142.1 million in revenue. Management called for first-quarter revenue between $114 million and $116 million, but analysts had been targeting $138.1 million. It has drawn on Meta's open-source Llama, as well as models from privately held Anthropic and Mistral, Schultz said.
- ▪Analysts polled by LSEG had expected $142.1 million in revenue.
- ▪Management called for first-quarter revenue between $114 million and $116 million, but analysts had been targeting $138.1 million.
- ▪It has drawn on Meta's open-source Llama, as well as models from privately held Anthropic and Mistral, Schultz said.
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Chegg on Monday filed suit in federal district court against Google, claiming that artificial intelligence summaries of search results have hurt the online education company's traffic and revenue.The legal move comes nearly two years after former CEO Dan Rosensweig said students engaging with OpenAI's ChatGPT assistant were cutting into Chegg's new customer growth.Chegg is worth less than $200 million, and in after-hours trading Monday, the stock was trading just above $1 per share.
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