secwatch / observer
8-K filed August 7, 2023, 7:59 PM ET ticker CHGG CIK 0001364954
earnings confidence high sentiment neutral materiality 0.75

Chegg Q2 2023 revenue $182.9M (-6% YoY), subscribers down 9% to 4.8M; beats guidance

CHEGG, INC

2023-Q2 EPS reported -$0.08 revenue$370,454,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

CHEGG, INC reported second quarter ended June 30, 2023 results: revenue Total Net Revenues of $182.9 million, net income Net Income was $24.6 million.

Period
second quarter ended June 30, 2023
Revenue
Total Net Revenues of $182.9 million
Net income
Net Income was $24.6 million
Result
reported results
Exact text from the filing
learning experience for students because we have the assets, the vision, and the balance sheet that no one else has.” Second Quarter 2023 Highlights • Total Net Revenues of $182.9 million, a decrease of 6% year-over-year • Subscription Services Revenues decreased 5% year-over-year to $165.9 million, or 91% of total net revenues, compared to 90% in Q2 2022 • Net
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.98

CHEGG, INC reported preliminary financial results for second quarter ended June 30, 2023.

Period
second quarter ended June 30, 2023
Result
preliminary results
Exact text from the filing
Second Quarter 2023 Highlights • Total Net Revenues of $182.9 million, a decrease of 6% year-over-year • Subscription Services Revenues decreased 5% year-over-year to $165.9 million, or 91% of total net revenues, compared to 90% in Q2 2022 • Net Income was $24.6 million • Non-GAAP Net Income was $37.8 million • Adjusted EBITDA was $59.8 million • 4.8 million Subscription Services subscribers, a decrease of 9% year-over-year
View on SEC.gov

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CHEGG, INC filing history →

Source: SEC EDGAR
accession 0001364954-23-000119
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