secwatch.observer — SEC 8-K summary
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Issuer:     CHEGG, INC (CHGG)
CIK:        0001364954
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001364954-25-000118
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chegg Q3 revenue $77.7M (-43% YoY); net loss $17.5M; adjusted EBITDA $13.3M
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- Total net revenues of $77.7M, down 43% year-over-year; gross margin 59%.
- Net loss of $17.5M; non-GAAP net income of $0.4M.
- Adjusted EBITDA of $13.3M, exceeding guidance; company cites AI tailwinds for Skilling business.
- Shift to B2B skilling focus, targeting a $40B+ market; streamlined structure and balance sheet.
- CEO Dan Rosensweig notes decisive actions to position Chegg for long-term value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364954/000136495425000118/0001364954-25-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364954/000136495425000118/chgg-20251110.htm
  HTML page:      https://secwatch.observer/filing/0001364954-25-000118

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