our year Thank a call. you, earnings solid X.X to quarter. everyone, with and started grew XX% with the XXXX Chegg We QX million welcome, Services Tracey, year-over-year subscribers.
a us and In offer inventory to enabling are print addition, while independent eTextbooks students, we reseller, announcing to with partnership continue new to book partner and our an handles fulfillment.
We margins improve over deal expect rates growth our and to this time.
year our with in noted As fourth momentum. call, entered the we quarter
when The at take often are the those wages higher impacted how the the However, will Students classes, dependable affordable, we cost our Andy level and expected. now approximately many technology the less fewer outperforming we This sector. challenging. we are made industry. our With continue the this which more current support inflation with rigorous of we through. be high-quality, learn forecasting The for education while limited where fewer has we this assignments. not current continued or reduced what guidance global population enrollment, the they increased learning impact of you learn, do and we people we are we all With issues postpone And that this trend XX% trends economy is students are or their reducing living, under to and load and towards skills-based two in and delaying over services. higher our of alone, enrollment of impacting we have world's and age take seen million said, learn, shifting U.S. executing academic will of at to well the to in indications at and XX only we market are against higher earning expect conditions, That to years. reflect being course schools factors walk last forgo conditions, traffic support over time these In evident more the priorities these are temporary, lower X time. education need or learning, in of is grow. approximately the learn, these have better resulting
during services gain choosing goal this Our paid Students, in are to using market time share overwhelmingly invest are is and Chegg. greater semester, growth. who support future a
of endorsements in services post-pandemic We critical investments Chegg staying the Along are with skills for literacy. our like for and are personalization future, international remain powerful Chegg retention, specifically are era, learning drove strong which efforts the we content the continued take support Pack, rate of financial supplemental so outstanding retention experiencing bullish rate lives our highest are Chegg take These the students. on ARPU Study the language quality, the engagement, our We Pack Study and skills strong on role increased expansion, the soft discoverability increased plays in our business. training expansion, focused the of rates. and and in of
Our to more from improving number students' and relationships fall, content of learning our reach to content material, to in Uversity launch student Domestically, instructional can the expand over uploaded the be outcomes. than And quality we and Uversity soon the with of which improving focused pieces our including Canada. priorities, be who date, To content, the student-facing of ability discover technology out increase globally. U.K. million our breadth key is our academic of XXX institutions professors faculty deepen we will are learn platform Chegg. XXX,XXX thereby rolling students, and this have on and approved and our will expanding continue both of to library pieces increase
Study well, addition to Study the the and Chegg accelerated led and perform by international continues Pack adoption Busuu. expansion of by Our of Chegg
and and content and We continue key take our user are markets. to subscribers grow offering now local experiences we share, in market
are least year. and the to expect three in countries new to end local accepting currencies the by currently We of expand markets five at
recently countries fully first in determine localized eight to excited we in the testing launched optimal to our and price app equation, are Turkey. we addition, price-to-value In have are
Our Mexico emerging like next as other both will U.S. increase America be as markets. Spanish in the in and localized key our well app countries will that and TAM Latin
building also are their services frontline our over both channels with for has And distribution which channel success. early Guild, new now workers, relationships skills XXX for Busuu We companies. partner, language and over is million skills with are pleased direct our Chegg. important and an X reaches BXB
advanced these we first of kinds global digital recent next the a We from scale opportunity have a XX% major cybersecurity. are and workers new our new to our With cohorts represent proud graduated Chegg. and research like train fundamentals showing technology for programs of to that plan programs polled programs for believe five years, Guild
and of to health. Beyond the need is professional support students beyond academic academics investing lives is their classroom. more skills. vital there work struggling XX% in an needs needs beyond learn to and with student enormous and about student they are and mental feel them serving the U.S. these money finances to Chegg of half opportunity students, continually and improve will
Given very proud how environment, the the we execute. current Chegg of are to team continues
expect will Andy. around over will all I our students that, We more to will of to manage to lose the and we never it turn first through predictable the growth return put mission to sight this, over time. And Through and world. higher with volatility