they results discuss you our thank landscape start and shifts Hello, then and you earnings Tracey. progress and global while in our for plan Thank early to education QX you, we quarter shown against call. I'll going In QX, what forward. walking in outlined joining experience strategic important by mean our tremendous industry have today third everyone, June. we the for change, Czech's continues competitive business through
this million result in and $XXX QX, adjusted a As better-than-expected of of work, revenue $XX delivered million in EBITDA. we
rate remained Study a QX up [ number Engagement high with year-over-year. our XX increased quarter, retention study points ] of year-over-year and asked Chegg the and questions basis Chegg monthly in pack, XX%
to of require to for technology have large advancements Chegg's the be business looking outlook search our that created adversely for adoption adjust and business.
Even provides. proven by services in Chegg. diversity, AI learning the and factors Phase II the students for challenges free our have us are resulted headwinds However, a AI high-quality, and experience market These shifts students Chegg size paid industry business in and affecting our Recent in of generative and refocus experience specifically. there continues of the
individualize remain our and I outlook in and audience, extend optimistic for this serve enthusiastically to us our challenges. continue these to brand, We the weather products
results content The keep users rollout sites disintermediating content overviews, on leaving Google been will attempt experience AIO, point Google them shifting page.
This share first page such top increase rapid, was broad we've a mid-August to all AI search year, destination, AIO like and that of results being and of Google's and This like at market to to has search only prevalence to while that the experience, origination an displays experience its development belief sites is the it the check. third-party instead the that search monitoring not It's impact and expanded. of Chegg. which search AIO I'd from significantly been or of until as AI-generated on rollout our to discuss search of maintain the continue the
AI and Second, AI generative are exams. This speed of industry solutions ecosystem adoption across the broadly our reported of products. substantiated large, AIOs were education including generative turning for support rollout Google been the very has Chegg.
These increasingly alternative to on impacts negatively for specialized industry, products education there widely the our and has generative free our adoption business. and like the industry ChatGPT, and universities continued in increase such been technology products issue paid impacted academic to and AI companies scale research, at a in sidings students strong This a to homeworking as seed of AI education have generative factors,
all decline overall unfavorable month a our cash traffic and exited in of in expect decline trends our QX do and nonsubscriber margin revenue. on declined to have seen not goals this year-over-year, in negative outlook $XXX Chegg into traffic in more X% year-over-year free the consequently, adjusted account in XXXX of XX% to taken million a XX% therefore, and flow. even sharp XX% with we We QX, we October. QX, We've and looking meet EBITDA for Global and
these this factors environment into play speed Earlier immense restructuring and we year, the based Since undertook strategic in have which are a then, with we new operating. on impact. come
and that we million we million an with additional immediately, result, XX%. savings along Effective result to cost expense manage anticipate further reduce additional non-GAAP We all by actions, headcount a XXXX. company, will we the where in $XX initiating of impact that to in annualized an these will the additional operating will across costs are with groups market. broad undertaking are align As restructuring a restructuring an savings $XX
with savings announced a restructuring June, to from result will cost in combined the XXXX. million announced today the million restructuring The coupled savings $XXX non-GAAP of in in $XXX
that there an is with Even we for remain audience this, optimistic Chegg.
XX performance. seeking and we an found learning XXXX that that some generative if and there high of significantly they sale XX% In proven and North care the advanced to This expertise will to depend are continues content America with products today other provide learning over of point-data expertise. market trust is Chegg. in quality That's meaningful of continue clear Chegg their educational Chegg millions audience early created million to archive as options, for who science environments directly AI competitive believe understanding show study, content differentiates to to subjects students to and generative why awareness our competency improve large high tools high-quality students, that is an it's in learners a AI to favor assumed providing students August that's be learning high-quality we deep Chegg we school and believe from Therefore, While tools students output for online what why looking a medium evolve. improve a experiences and academic possible. human of and applying learn, come years highest about to students deep topic XXX willingness and support of pay solutions that students outcomes. college on even has
We've learning support. support we taken and to individualized laid in remain the entire towards support with out and education throughout starting committed We June. developing the experience eventually academic and students journey, plan functional strategic steps for a verticalized
plan in acknowledge we the our the third on progress me quarter. made Let strategic have
of early differentiating campaign, content with We quality building introduced small and loyalty Win our of generative launched marketing progress satisfaction signs guarantee, brand against our showing is a with and AI We improvements marketing trust subscribers. paid Big and which across year-over-year conversion our service step channels. many and rate
accurate new evaluate, driving While that introduce for learning the it's solutions a subscriber allows still new to early, to integrate most arena full is an AI rate. and us in in time models AI journey. conversion frontier it lift real We the students implemented deliver into AI
and Q&A reach create effort commerce has extension activities reliance will in evolve learning platform, reduce costs, we solution. sites, moved an which as and as as and them user efforts expect already with where flexibility we align to our packaging faster launched growth, which connect move We ] to SEO. retention. programs. our up drive continue spending with We pricing upgraded towards a on reduce shown products us product-driven pathways an our across for This and on to well new vendor-based to new they're time. study Chrome allow providing an engagement already experience students We These our discount will [ engage adaptive individualized our on provide our improvement to
partnerships, enhance and diversifying improving our learning to study And access Chegg's institutional finally, Chegg us institutional direct allow supporting while providing strengthening outcomes. goal revenue how student gather for in by Chegg our the X partner. valuable insights acquisition to launched of classroom learning customer we role paid These pilots streams on can
brand As into generating our see will product momentum capabilities. you head the to spring commitment and building to our semester, continue and traffic with we
spring brand new awareness will continue to raise We with a brand campaign.
strategy in plan legacy students bring the caring the strong in and our consideration fall bring believe both audience expansion The steps on ultimately Big activate will new Our small this will and from create empowering unique acquisition learned strategy emerging. and connection believe creative program, on Chegg's this funnel, long full what drives built across users approach. which will Wins we we efficiency. we of Based
of specifically front, and into to learning. focusing product durable comparison, learning and practice behaviors individualized highly X relevant the we needs continue expanding support the On solution cases, and delivering on use corollary solutions, will due most
product increase earlier, legacy plan you've patients, students, the and Chegg and believe expenses steps to rely continue the our While optimistic to on deep significance brand as our experience manage and we'll a grown we we for it. have and who we'll serving we headwinds prudently there are the across landscape experiences be students will to reselling acknowledge us. is continue And we've covered evolves. our competitive remain taken This to of business. already We and require the multiyear has heard, and of as strengthen efficiencies a
doing serve. the our will and students focused We students for on things we team our the right keep and investors,
have Before to trying will is the for hard work learning through I while us efforts and helped world this life. employees we end, their I Their dedication. talent all, around students for to And thank it. bring and a and I'm time get our support want confident
over turn With Dave. I'll it that, to