secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nextdoor Holdings, Inc. (NXDR)
CIK:        0001846069
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001846069-23-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nextdoor Q1 revenue $50M down 2% YoY; WAU grows 16% to 42.4M
------------------------------------------------------------

- Q1 revenue $50M, down 2% YoY; net loss $34M (68% margin) vs $33M loss a year ago.
- Adjusted EBITDA loss $22M (44% margin); Q2 revenue guidance $53-54M, adj. EBITDA loss $23-24M.
- Weekly Active Users 42.4M, up 16% YoY and 6% QoQ; ARPU $1.17 declined 16% YoY.
- Cash and investments $575M; operating cash used $14M in Q1 vs $6M a year ago.
- Management sees improving growth trends; expects to return to full-year revenue growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846069/000184606923000027/0001846069-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846069/000184606923000027/kind-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001846069-23-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer