---
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"
generated_at: "2026-06-16T04:45:43.729187+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Chegg Q1 2023 revenue down 7% to $187.6M; subscribers fall 5% to 5.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-23-000067
- JSON: https://secwatch.observer/filing/0001364954-23-000067.json
- Plain text: https://secwatch.observer/filing/0001364954-23-000067.txt

## Key facts
- Earnings Releases
  CHEGG, INC reported three months ended March 31, 2023 results: revenue $187.6 million, net income $2.2 million.
  - Period: three months ended March 31, 2023
  - Revenue: $187.6 million
  - Net income: $2.2 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000067/0001364954-23-000067-index.htm

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