Nextdoor Q3 revenue $54M (+2% YoY), net loss widens to $35M; guides Q4 rev $50-52M

Nextdoor Holdings, Inc.

2022-Q3 EPS reported -$0.27 revenue$159,495,000

Net loss of $35M (margin -64%) vs $19M loss a year ago; adjusted EBITDA loss of $18M.
WAU grew 17% YoY to 38.3M; ARPU fell 12% to $1.41 on strong international WAU growth.
Q4 revenue guidance $50-52M; FY 2022 implied revenue $209.5-211.5M with (36%) adjusted EBITDA margin.
Repurchased ~23M shares for $77.2M under $100M buyback program; cash and securities $604M.
Operating expenses rose 26% YoY to $90M; cost of revenue up 34% to $10M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nextdoor Holdings, Inc. reported financial results for the third quarter ended September 30, 2022.

Period: the third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 8, 2022, Nextdoor Holdings, Inc. (the “Company”) issued a letter to shareholders and press release (together, the “Letter and Press Release”) announcing its financial results for the third quarter ended September 30, 2022.

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Nextdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001846069-22-000053

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