8-K
filed February 6, 2023, 6:59 PM ET
ticker CHGG
CIK 0001364954
earnings
confidence high
sentiment neutral
materiality 0.70
Chegg Q4 revenue down 1% to $205M; subscription subscribers up 8% to 5.0M
CHEGG, INC
2022-FY EPS reported
$1.34
revenue$766,897,000
- Q4 total net revenues $205.2M (-1% YoY); Subscription Services rev $177.5M (+4% YoY).
- Q4 net income $1.9M; non-GAAP net income $58.8M; adjusted EBITDA $74.0M.
- Full-year 2022 total net revenues $766.9M (-1% YoY); net income $266.6M.
- FY 2023 guidance: Q1 rev $185-188M, adj EBITDA $69-71M; FY rev $745-765M, adj EBITDA $295-310M.
- Chegg Services subscribers: 5.0M in Q4 (+8% YoY), 8.2M full year (+5% YoY).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CHEGG, INC reported the twelve months ended December 31, 2022 results: revenue $766.9 million, net income $266.6 million.
- Period
- the twelve months ended December 31, 2022
- Revenue
- $766.9 million
- Net income
- $266.6 million
- Result
- reported results
Exact text from the filing
Full Year 2022 Highlights: • Total Net Revenues of $766.9 million, a decrease of 1% year-over-year • Subscription Services Revenues grew 9% year-over-year to $672.0 million, or 88% of total net revenues, compared to 79% in 2021. • Chegg Services Revenues was $733.9 million • Net Income was $266.6 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CHEGG, INC reported the three months ended December 31, 2022 results: revenue $205.2 million, net income $1.9 million.
- Period
- the three months ended December 31, 2022
- Revenue
- $205.2 million
- Net income
- $1.9 million
- Result
- reported results
Exact text from the filing
Q4 2022 Highlights: • Total Net Revenues of $205.2 million, a decrease of 1% year-over-year • Subscription Services Revenues grew 4% year-over-year to $177.5 million, or 87% of total net revenues, compared to 82% in Q4 2021 • Chegg Services Revenues was $200.7 million • Net Income was $1.9 million
View on SEC.gov
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