2023-05-01 16:11:05 ET
- Chegg press release ( NYSE: CHGG ): Q1 Non-GAAP EPS of $0.27 beats by $0.01 .
- Revenue of $187.6M (-7.2% Y/Y) beats by $2.43M .
- Subscription Services Revenues declined 3% year-over-year to $168.4 million, or 90% of total net revenues, compared to 86% in Q1 2022
- 5.1 million Subscription Services subscribers, a decrease of 5% year-over-year
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Second Quarter 2023
- Total Net Revenues in the range of $175 million to $178 million vs. $193.65M consensus
- Subscription Services Revenues in the range of $159 million to $162 million
- Gross Margin between 72% and 73%
- Adjusted EBITDA in the range of $53 million to $55 million
For further details see:
Chegg Non-GAAP EPS of $0.27 beats by $0.01, revenue of $187.6M beats by $2.43M