---
schema_version: "secwatch.filing_event.v1"
accession: "0001364954-23-000144"
form_type: "8-K"
ticker: "CHGG"
cik: "0001364954"
company_name: "CHEGG, INC"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T05:43:01.303579+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chegg Q3 net loss $18.3M, revenue down 4% YoY, CFO to retire

## Summary
- Total net revenues $157.9M, down 4% YoY; subscription services revenues $139.9M, down 4%.
- Net loss $18.3M; non-GAAP net income $23.2M; Adjusted EBITDA $38.8M.
- Gross margin 47% impacted by $38.2M one-time content charge; non-GAAP gross margin 74%.
- Subscribers 4.4M, down 8% YoY; company rolling out AI-powered user experience.
- CFO Andrew Brown plans to retire once successor is hired; departure not due to disagreement.

## SEC filing metadata
- accession: 0001364954-23-000144
- form_type: 8-K
- ticker: CHGG
- cik: 0001364954
- company_name: CHEGG, INC
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000144/0001364954-23-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000144/chgg-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-23-000144
- JSON: https://secwatch.observer/filing/0001364954-23-000144.json
- Plain text: https://secwatch.observer/filing/0001364954-23-000144.txt

## Key facts
- Earnings Releases
  CHEGG, INC reported three months ended September 30, 2023 results: revenue $157.9 million, net income $(18.3 million).
  - Period: three months ended September 30, 2023
  - Revenue: $157.9 million
  - Net income: $(18.3 million)
  - Result: reported results
  source text: to roll out our new simple user interface and unified asking experience, delivering faster and more relevant solutions.” Third Quarter 2023 Highlights • Total Net Revenues of $157.9 million, a decrease of 4% year-over-year • Subscription Services Revenues of $139.9 million, or 89% of total net revenues, a decrease of 4% year-over-year • Gross Margin of 47% driven
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000144/0001364954-23-000144-index.htm
- Executive change
  Andrew Brown departed as Chief Financial Officer at CHEGG, INC.
  - Action: plans to retire
  - Role: Chief Financial Officer
  source text: On October 26, 2023, Andrew Brown notified Chegg, Inc. (the “Company”) that he plans to retire from his position as Chief Financial Officer and Principal Financial Officer once Chegg hires his replacement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000144/0001364954-23-000144-index.htm

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