Chegg (CHGG) Tops Q1 EPS by 1c, Guidance Misses

Chegg (NYSE: CHGG) reported Q1 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $187.6 million versus the consensus estimate of $185.2 million.

GUIDANCE:

Chegg sees Q2 2023 revenue of $175-178 million, versus the consensus of $194 million.

• With Subscription Services revenue between $159 and $162 million,
• Gross margin between 72% and 73%,
• And adjusted EBITDA between $53 and $55 million.

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

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