Nextdoor Q2 rev $56.9M (+4% YoY), WAU 41.6M (+13%); guides Q3 ~4% rev growth

Nextdoor Holdings, Inc.

2023-Q2 EPS reported -$0.18 revenue$106,660,000

Revenue of $56.9M grew 4% YoY, driven by mid-market, small biz, and agency partnerships.
Net loss narrowed to $35.4M from $36.8M; adjusted EBITDA loss $18.6M (margin -33%), improving 4pts YoY.
WAU 41.6M (+13% YoY); ARPU $1.37 (-7% YoY but +17% QoQ). Cash $551.6M.
Full year 2023: expects mid-single-digit rev growth and adjusted EBITDA margin improvement.
AI-powered content distribution and Ad Server now serving 100% of US SMB demand.

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 0.95

Nextdoor Holdings, Inc. reported financial results for the second quarter ended June 30, 2023.

Period: the second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 8, 2023, 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 second quarter ended June 30, 2023.

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Nextdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001846069-23-000042

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