{"schema_version":"secwatch.filing_event.v1","accession":"0001364954-23-000067","form_type":"8-K","ticker":"CHGG","cik":"0001364954","company_name":"CHEGG, INC","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.574476+00:00","generated_at":"2026-06-16T04:45:43.729187+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Chegg Q1 2023 revenue down 7% to $187.6M; subscribers fall 5% to 5.1M","bullets":["Total revenues $187.6M (-7% YoY); subscription revenue $168.4M (-3% YoY).","Net income $2.2M; non-GAAP net income $38.1M; adjusted EBITDA $57.6M.","Subscription subscribers 5.1M, down 5% YoY from 5.4M in Q1 2022.","CEO Dan Rosensweig says embracing AI aggressively, launching CheggMate leveraging proprietary data and 150K experts."],"urls":{"canonical":"https://secwatch.observer/filing/0001364954-23-000067","json":"https://secwatch.observer/filing/0001364954-23-000067.json","markdown":"https://secwatch.observer/filing/0001364954-23-000067.md","text":"https://secwatch.observer/filing/0001364954-23-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1364954/000136495423000067/0001364954-23-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1364954/000136495423000067/chgg-20230501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T04:45:43.729187+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fb79025fba32ff91ac8ee765e22374fe92db5a3b","claim":"CHEGG, INC reported three months ended March 31, 2023 results: revenue $187.6 million, net income $2.2 million.","evidence_excerpt":"can leverage our proprietary data, our 150,000+ experts, and our decade-plus years of experience as we launch CheggMate.” First Quarter 2023 Highlights • Total Net Revenues of $187.6 million, a decrease of 7% year-over-year • Subscription Services Revenues declined 3% year-over-year to $168.4 million, or 90% of total net revenues, compared to 86% in Q1 2022 • Net","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1364954/000136495423000067/0001364954-23-000067-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Revenue","value":"$187.6 million"},{"label":"Net income","value":"$2.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}