---
schema_version: "secwatch.filing_event.v1"
accession: "0001364954-24-000040"
form_type: "8-K"
ticker: "CHGG"
cik: "0001364954"
company_name: "CHEGG, INC"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:26:28.767143+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Chegg Q1 revenue down 7% to $174.4M; Nathan Schultz to become CEO June 1

## Summary
- Total net revenues $174.4M (-7% YoY); subscription services revenue $154.1M (-9% YoY).
- Net loss $1.4M; non-GAAP net income $29.6M; adjusted EBITDA $46.7M.
- Subscription services subscribers 4.7M, down 8% year over year.
- Nathan Schultz appointed President and CEO effective June 1; Dan Rosensweig becomes Executive Chairman.
- Company targeting 30%+ adjusted EBITDA margin for 2025 via expense alignment.

## SEC filing metadata
- accession: 0001364954-24-000040
- form_type: 8-K
- ticker: CHGG
- cik: 0001364954
- company_name: CHEGG, INC
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/0001364954-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/chgg-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-24-000040
- JSON: https://secwatch.observer/filing/0001364954-24-000040.json
- Plain text: https://secwatch.observer/filing/0001364954-24-000040.txt

## Key facts
- Earnings Releases
  CHEGG, INC reported the three months ended March 31, 2024 results: revenue $174.4 million, net income Net Loss was $1.4 million.
  - Period: the three months ended March 31, 2024
  - Revenue: $174.4 million
  - Net income: Net Loss was $1.4 million
  - Result: reported results
  source text: our expense base relative to current revenue trends, with the goal of 30% or greater Adjusted EBITDA margin for 2025.” First Quarter 2024 Highlights • Total Net Revenues of $174.4 million, a decrease of 7% year-over-year • Subscription Services Revenues of $154.1 million, a decrease of 9% year-over-year • Gross Margin of 73% • Non-GAAP Gross Margin of 75% • Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/0001364954-24-000040-index.htm
- Executive change
  Nathan Schultz was appointed as President and Chief Executive Officer at CHEGG, INC.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: appointed Nathan Schultz as the President and Chief Executive Officer ("CEO") of the Company, effective as of June 1, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/0001364954-24-000040-index.htm
- Executive change
  Dan Rosensweig was appointed as Executive Chair at CHEGG, INC.
  - Action: appointed
  - Role: Executive Chair
  source text: Dan Rosensweig, the Company's President, CEO and Co-Chairperson of the Board, will resign from his positions as President and CEO and be appointed as the Company's Executive Chair.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495424000040/0001364954-24-000040-index.htm

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