Chegg Inc. ( CHGG ) shares are dropping after the company reported its fourth-quarter results after Monday's closing bell. Here's a look at the details from the report. 

The Details: Chegg ( CHGG ) reported quarterly earnings of 17 cents per share, which met the analyst consensus estimate. Quarterly revenue clocked in at $143.48 million, which beat the analyst consensus estimate of $142.05 million and is a decrease from revenue of $187.99 million from the same period last year.

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“We made two important and connected decisions to maximize the future of our business and shareholder value. We are launching a strategic review process and filed a complaint against Google, which has unjustly retained traffic that has historically come to Chegg ( CHGG ), impacting our acquisitions, revenue and employees,” said Nathan Schultz, CEO of Chegg ( CHGG ).

“As we look to stabilize Chegg’s business in 2025, we have a strong and trusted brand, millions of global subscribers, a large market opportunity, and amazing employees. Our superior product for education is verticalized, personalized, and built on a deep understanding of modern students, and we believe this year will be a turning point for Chegg,” Schultz said.

Outlook: Chegg ( CHGG ) sees first-quarter revenue in a range of $114 million to $116 million, versus the $138.07 million analyst estimate.

CHGG Price Action: According to data from Benzinga Pro, Chegg ( CHGG ) shares are down 21.79% after-hours at $1.22 Monday.  

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