8-K filed May 7, 2024, 7:59 PM ET ticker NXDR CIK 0001846069

earnings confidence high sentiment positive materiality 0.80

Nextdoor Q1 rev $53M (+7% YoY); raises adj EBITDA guidance; adds Mayer, Hohman, Shah to board

Nextdoor Holdings, Inc.

2024-Q1 EPS reported -$0.07 revenue$53,146,000

Q1 revenue $53M (+7% YoY); net loss $28M vs $34M YoY; adjusted EBITDA loss $14M (margin -26%, +17pp).
WAU 43.4M (+2% YoY, +4% QoQ); session depth +36% YoY; ARPU $1.22 (+4% YoY).
Raised FY2024 adj EBITDA margin improvement to ~15pp from ~10pp; now expects positive FCF in Q4'24 (vs Q4'25).
Board appointed Robert Hohman (Class II), Marissa Mayer and Niraj Shah (Class III) effective May 1, 2024.
Repurchased 4.4M shares at avg $2.19 in Q1; $163M remaining under buyback authorization.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Niraj Shah

Director

NXDR · Nextdoor Holdings, Inc.

Effective: 2024-05-01
Filed: May 7, 2024, 7:59 PM ET

appointed each of Robert Hohman, Marissa Mayer, and Niraj Shah to serve as a director of the Company, effective May 1, 2024.

Appointed

Robert Hohman

Director

NXDR · Nextdoor Holdings, Inc.

Effective: 2024-05-01
Filed: May 7, 2024, 7:59 PM ET

appointed each of Robert Hohman, Marissa Mayer, and Niraj Shah to serve as a director of the Company, effective May 1, 2024.

Appointed

Marissa Mayer

Director

NXDR · Nextdoor Holdings, Inc.

Effective: 2024-05-01
Filed: May 7, 2024, 7:59 PM ET

appointed each of Robert Hohman, Marissa Mayer, and Niraj Shah to serve as a director of the Company, effective May 1, 2024.

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 first quarter ended March 31, 2024 results: revenue $53M.

Period: first quarter ended March 31, 2024
Revenue: $53M
Result: reported results

Exact text from the filing

Q1 revenue of $53M was +7% year-over-year, an acceleration driven by strong revenue retention from self-serve advertisers, partially offset by stable but still-tempered enterprise advertiser growth.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Niraj Shah was appointed as Director at Nextdoor Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed each of Robert Hohman, Marissa Mayer, and Niraj Shah to serve as a director of the Company, effective May 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Hohman was appointed as Director at Nextdoor Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed each of Robert Hohman, Marissa Mayer, and Niraj Shah to serve as a director of the Company, effective May 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marissa Mayer was appointed as Director at Nextdoor Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed each of Robert Hohman, Marissa Mayer, and Niraj Shah to serve as a director of the Company, effective May 1, 2024.

View on SEC.gov

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Nextdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001846069-24-000125

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