---
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"
generated_at: "2026-06-12T03:56:41.776080+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-23-000119
- JSON: https://secwatch.observer/filing/0001364954-23-000119.json
- Plain text: https://secwatch.observer/filing/0001364954-23-000119.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000119/0001364954-23-000119-index.htm
- Earnings Releases
  CHEGG, INC reported preliminary financial results for second quarter ended June 30, 2023.
  - Period: second quarter ended June 30, 2023
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000119/0001364954-23-000119-index.htm

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