3 Key Takeaways From Chegg's Q3 Earnings Report

Chegg (NYSE: CHGG), the direct-to-student online learning platform, reported its third-quarter financial results after the market close on Oct. 26. Shares dropped by over 10% after the release, in part because investors did not like what they heard about next year's guidance. The drop could also be explained by the fact that the stock was already up over 100% year to date.

Regardless of the price action, the company revealed some important developments when it released its report. Here are three significant factors to take note of. 

Chegg now has 3.7 million subscribers. Image source: Getty images.

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Source Fool.com