secwatch.observer — SEC 8-K summary
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Issuer:     CHEGG, INC (CHGG)
CIK:        0001364954
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001364954-22-000087
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chegg Q2 revenue down 2% to $194.7M; Chegg Services revenue up 9% to $189.1M, subscribers 5.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364954/000136495422000087/0001364954-22-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364954/000136495422000087/chgg-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001364954-22-000087

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer