2023-08-07 16:11:08 ET
- Chegg press release ( NYSE: CHGG ): Q2 Non-GAAP EPS of $0.28 misses by $0.01 .
- Revenue of $182.85M (-6.1% Y/Y) beats by $6.34M .
- Subscription Services Revenues decreased 5% year-over-year to $165.9 million, or 91% of total net revenues, compared to 90% in Q2 2022
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Third Quarter 2023
- Total Net Revenues in the range of $151 million to $153 million
- Subscription Services Revenues in the range of $135 million to $137 million
- Gross Margin between 68% and 69%
- Adjusted EBITDA in the range of $34 million to $36 million
For further details see:
Chegg Non-GAAP EPS of $0.28 misses by $0.01, revenue of $182.85M beats by $6.34M