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joining us is chegg's ceo. about now you have a $3.5 million market value let's talk about guidance because you did raise it, as i said you talk about your subscription business you said it's a large part of the revenue. it comes from subscribers and they're very predictable so, why are they so predictable? >> look, we know when the school year ends. we go it starts end of august, go through january, then midmay. we've been in the business a long time and what's amazing is we're 1l00% larger than we were and our growth rate remains well over 30%. we're seeing an incredible growth on top of a higher base and that's because we can predict it because we know students love us, need us, and value us and we know when they're in school it's easier to predict a subscription-based business than an ad business >> and when it comes to the guidance, how much of the growth rate is due to your coming into new markets. you've got early renewal rates similar to what you've seen domestically utilization is similar as well and h

. >> julia, thanks so much netflix up just a fraction still to come, the ceo of chegg will join us >>> also ahead, a first on cnbc interview to talk about today's announcement that airbnb will temporarily house 20,000 refugees bond yields are moving higher today, the ten-year about 129 or so we'll be right back here on "closing bell. (upbeat music) - [announcer] introducing the grubhub guarantee, our promise to deliver your order on time within the delivery window and for the lowest price compared to other apps, or you'll get back at least $5 in perks. >>> welcome back >> hello, everybody. here is your cnbc update more than 4,000 americans have been evacuated from afghanistan. that's out of a total of 10,000 to 15,000. conditions outside the airport do remain difficult for others seeking to flee. there's a lack of toilets and high temperatures are in the 0s. >>> house republicans are slamming president biden for sticking to the august 31st deadline after receiving a classified briefing, house minority leader kept mccarthy said there's no way all americans can be evacuated in the next

chegg with full year revenue guidance that tops the estimate.gg up 3%. >>> let's talk about returning to work and work force work from home work from the office really, work from anywhere avaya wants to make it all possible joining us in a first on cnbc insight for the hybrid workplace is jim cherico ceo of avaya jim, good to have you back on. five consecutive quarters of increased year over year revenue growth congrats on that you are the work from anywhere true plays out there what are you seeing? what is your sales force selling to give us insight into how things may look over the next 6 to 12 months >> sure, first of all, good morning, brian thanks for having me back on i appreciate it. when you look at the numbers we posted yesterday, exceeding street expectation and raise guidance an. thankful for the global team for delivering results we are executing on strategy for growth for the company for five consecutive quarters we are moving significant amount of revenue to cloud and remaining profitable if you take a look at the demand increased

planet fitness and chegg are both out. >> planet fitness, slightly less than the estimates, and revenueme in lower than expected. the only news we're seeing is they're expanding their footprint in mexico, and they planto open 80 new shops they have about 2,000 across the world. nonetheless you're seeing shares down over 4% moving on to chegg they makes digital as well as tangible textbooks for students. we saw a beat across the board coming in at 43 cents on revenue of -- the guidance came in relatively in line, too. so they're optimistic with school starting, and then same thing for the full-year revenue guidance, also beat in the stock is trending higher on the news back to you. >> kristina, thanks for that. >>> don't miss tomorrow an exclusive interview with the ceo on "closing bell." >>> one quick final question, steve weiss. you're going to know which stock i'm teeing up, but being back here in london and europe, i'm sigh more evs on the road than you see in new york, and much fewer of themare teslas. what do you make of that >> yeah. my second largest position after moderna is a c