Chegg (NYSE: CHGG) reported Q1 EPS of $0.32, $0.08 better than the analyst estimate of $0.24. Revenue for the quarter came in at $202.2 million versus the consensus estimate of $201.28 million.

GUIDANCE:

Chegg sees Q2 2022 revenue of $188-192 million, versus the consensus of $209.3 million.

• Total Net Revenues in the range of $188 million to $192 million
• Chegg Services Revenues in the range of $183 million to $187 million
• Gross Margin between 76% and 77%
• Adjusted EBITDA in the range of $66 million to $68 million

Chegg sees FY2022 revenue of $740-770 million, versus the consensus of $843.5 million.

• Total Net Revenues in the range of $740 million to $770 million
• Chegg Services Revenues in the range of $710 million to $740 million
• Gross Margin between 73% and 74%
• Adjusted EBITDA in the range of $220 million to $235 million
• Capital Expenditures in the range of $120 million to $130 million

For earnings history and earnings-related data on Chegg (CHGG) click here.