secwatch.observer — SEC 8-K summary
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Issuer:     CHEGG, INC (CHGG)
CIK:        0001364954
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001364954-23-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chegg Q4 revenue down 1% to $205M; subscription subscribers up 8% to 5.0M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364954/000136495423000009/0001364954-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364954/000136495423000009/chgg-20230206.htm
  HTML page:      https://secwatch.observer/filing/0001364954-23-000009

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