earnings
confidence high
sentiment neutral
materiality 0.75
Chegg Q2 revenue down 2% to $194.7M; Chegg Services revenue up 9% to $189.1M, subscribers 5.3M
CHEGG, INC
2022-Q2 EPS reported
$0.10
revenue$396,965,000
- Total net revenues $194.7M (-2% YoY); Chegg Services revenues $189.1M (+9% YoY).
- Net income $7.5M; Non-GAAP net income $55.0M; Adjusted EBITDA $68.3M.
- Chegg Services subscribers 5.3M (+9% YoY); retention rate improved >100 bps.
- Partnership with independent book reseller to exit print textbook logistics.