Chegg sees FY23 revenue $745M-$760M, consensus $817.49M

For FY23, Chegg sees: Subscription Services Revenues in the range of $675 million to $690 million with a quarterly contribution of approximately 24% in Q1 2023, 26% in Q2 2023, 22% in Q3 2023 and 28% in Q4 2023; Gross Margin between 71% and 73%; Adjusted EBITDA in the range of $240 million to $250 million with a quarterly contribution of approximately 22% in Q1 2023, 27% in Q2 2023, 17% in Q3 2023 and 34% in Q4 2023; Capital Expenditures in the range of $80 million to $85 million; Free Cash Flow in the range of $185 million to $195 million.