Chegg Q2 revenue down 51% YoY to $51.8M; net loss $3.0M

CHEGG, INC

Total net revenues of $51.8M, down 51% year-over-year; Chegg Skilling revenue up 2% to $17.5M.
Gross margin 55%; non-GAAP gross margin 57%.
Net loss of $3.0M; non-GAAP net loss of $2.5M.
Adjusted EBITDA of $9.1M; CEO cites outperformance on revenue, EBITDA, and cash.
No updated guidance provided; long-term goal remains return to growth with high margins.

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