Chegg (CHGG) Reports In-Line Q2 EPS, beats revenue, provides outlook

Chegg (NYSE: CHGG) reported Q2 EPS of $0.28, in-line with the analyst estimate of $0.28. Revenue for the quarter came in at $182.85 million versus the consensus estimate of $176.5 million.

Business Outlook

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

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