secwatch.observer — SEC 8-K summary
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Issuer:     Nextdoor Holdings, Inc. (NXDR)
CIK:        0001846069
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001846069-23-000121
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nextdoor Q3 rev $56M (+4% YoY), cuts 25% workforce, CFO resigns
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- Q3 revenue $56M (+4% YoY); WAU 40.4M (+6% YoY, -3% QoQ); ARPU $1.39 (-2% YoY).
- Adj. EBITDA ($20M); Q4 rev guidance $50-52M; FY23 rev flat at $213-215M.
- Cost reduction plan: ~25% workforce reduction, ~$12M one-time charges, majority in Q4 2023.
- CFO Michael Doyle resigns effective Nov 7; Matt Anderson appointed as new CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846069/000184606923000121/0001846069-23-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846069/000184606923000121/kind-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001846069-23-000121

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