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Chegg Q1 Revenue Jumps 22 Percent on Digital Growth

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He is a senior correspondent at Vox.

Chegg, the online company that provides textbook rentals and other services to college students, saw revenue grow 22 percent to $74 million in the first quarter, boosted by a 66 percent increase in digital sales. The company lost 22 cents per share, excluding some items, which beat the average estimate of a loss of 30 cents a share from the six analysts who cover the stock.

This article originally appeared on Recode.net.