Nextdoor leadership transition: co-founder Nirav Tolia to return as CEO; preliminary Q4 revenue $56M above guidance

Nextdoor Holdings, Inc.

Nirav Tolia, co-founder, to become CEO, President and Chair; Sarah Friar steps down with orderly transition in Q2 2024.
Preliminary Q4 revenue $56M, above guidance of $50-52M; WAU 41.8M (+5% YoY).
Board approved $150M increase to share repurchase authorization (total $250M); ~$77M executed to date.
Cash, equivalents and marketable securities $531M as of Dec 31, 2023.

item 2.02 item 7.01 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 the fourth quarter ended December 31, 2023 results: revenue $56 million.

Period: the fourth quarter ended December 31, 2023
Revenue: $56 million
Result: preliminary results

Exact text from the filing

preliminary unaudited fourth quarter 2023 financial results and supplemental details: • WAU of 41.8M, an increase of 5% year-over-year and 3% quarter-over-quarter; • Revenue of $56 million, exceeding its previously provided guidance range of $50 million to $52 million; and • Cash, cash equivalents, and marketable securities of $531 million as of December 31, 2023.

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Nextdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001846069-24-000041

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