---
schema_version: "secwatch.filing_event.v1"
accession: "0001364954-22-000105"
form_type: "8-K"
ticker: "CHGG"
cik: "0001364954"
company_name: "CHEGG, INC"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T17:37:14.353035+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chegg Q3 revenue $164.7M (-4% YoY); Chegg Services revenue up 8%, subscribers 4.8M (+9%)

## Summary
- Total net revenues $164.7M (down 4% YoY); Chegg Services revenues $159.3M (up 8% YoY).
- Net income $251.6M, driven by $174.6M tax benefit and $93.5M debt extinguishment gain.
- Adjusted EBITDA $50.0M; Non-GAAP net income $30.4M.
- Subscribers reached 4.8M, up 9% year-over-year.
- CEO Dan Rosensweig cites excellent execution and inherent profitability.

## SEC filing metadata
- accession: 0001364954-22-000105
- form_type: 8-K
- ticker: CHGG
- cik: 0001364954
- company_name: CHEGG, INC
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364954/000136495422000105/0001364954-22-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364954/000136495422000105/chgg-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-22-000105
- JSON: https://secwatch.observer/filing/0001364954-22-000105.json
- Plain text: https://secwatch.observer/filing/0001364954-22-000105.txt

## Key facts
- Earnings Releases
  CHEGG, INC reported the three months ended September 30, 2022 results: revenue $164.7 million, net income $251.6 million.
  - Period: the three months ended September 30, 2022
  - Revenue: $164.7 million
  - Net income: $251.6 million
  - Result: reported results
  source text: Total Net Revenues of $164.7 million, a decrease of 4% year-over-year • Chegg Services Revenues grew 8% year-over-year to $159.3 million, or 97% of total net revenues, compared to 85% in Q3 2021 • Net Income was $251.6 million primarily driven by the one time tax benefit related to release of valuation allowance of $174.6 million and gain on early extinguishment of debt of $93.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495422000105/0001364954-22-000105-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.