Benzinga | Oct 26, 2020 04:08PM EDT

Chegg Sees Q4 Sales $188M-$190M vs $183.21M Est., Chegg Services Revenue $162M-$164M; Sees FY20 Sales $626M-$628M vs $611.64M Est., Chegg Services Revenue $507M-$509M, Sees FY21 Sales ~$775M vs $757.99M Est.

* Total Net Revenues in the range of $188 million to $190 million

* Chegg Services Revenues in the range of $162 million to $164 million

* Gross Margin between 72% and 73%

* Adjusted EBITDA in the range of $82 million to $84 million

Full Year 2020

* Total Net Revenues in the range of $626 million to $628 million

* Chegg Services Revenues in the range of $507 million to $509 million

* Gross Margin between 68% and 69%

* Adjusted EBITDA in the range of $201 million to $203 million

Full Year 2021

* Total Net Revenues of approximately $775 million

* Chegg Services Revenues of approximately $655 million

* Gross Margin of approximately 70%

* Adjusted EBITDA of approximately $260 million