Chegg(CHGG) - 2023 Q3 - Earnings Call Transcript

Dan Rosensweig Yes. So Andy has coined the phrase, subscription math, so in his honor upon his retirement. IÂ'll sort of walk us through this a little bit, which is, when an account comes up for renewal, what we mean by weÂ've seen incredibly high renewal rates is of those that come up for renewal, they are renewing at a much higher rate and staying on longer than they ever have. And weÂ're also seeing a significant improvement in take rate, which is almost one out of every two new customers now is taking t ...