secwatch.observer — SEC 8-K summary
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Issuer:     CHEGG, INC (CHGG)
CIK:        0001364954
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001364954-22-000105
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364954/000136495422000105/0001364954-22-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364954/000136495422000105/chgg-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001364954-22-000105

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