{"schema_version":"secwatch.filing_event.v1","accession":"0001364954-23-000119","form_type":"8-K","ticker":"CHGG","cik":"0001364954","company_name":"CHEGG, INC","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.707619+00:00","generated_at":"2026-06-12T03:56:41.776080+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Chegg Q2 2023 revenue $182.9M (-6% YoY), subscribers down 9% to 4.8M; beats guidance","bullets":["Total net revenues $182.9M (-6% YoY); subscription revenue $165.9M (-5% YoY).","GAAP net income $24.6M; non-GAAP net income $37.8M; adjusted EBITDA $59.8M.","Subscription subscribers 4.8M (-9% YoY); customer acquisition and retention improved QoQ.","Launched beta generative AI experience in May; CEO highlights unique position.","Outperformed guidance for both revenue and adjusted EBITDA in Q2."],"urls":{"canonical":"https://secwatch.observer/filing/0001364954-23-000119","json":"https://secwatch.observer/filing/0001364954-23-000119.json","markdown":"https://secwatch.observer/filing/0001364954-23-000119.md","text":"https://secwatch.observer/filing/0001364954-23-000119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1364954/000136495423000119/0001364954-23-000119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1364954/000136495423000119/chgg-20230807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T03:56:41.776080+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":"4f5b6175af61ff76890b1033fea1bd4696973995","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1364954/000136495423000119/0001364954-23-000119-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"Total Net Revenues of $182.9 million"},{"label":"Net income","value":"Net Income was $24.6 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5e9b2e93e686d10f9649ddcfcb3252ba07de3e6e","claim":"CHEGG, INC reported preliminary financial results for second quarter ended June 30, 2023.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1364954/000136495423000119/0001364954-23-000119-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}