secwatch.observer — SEC 8-K summary
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Issuer:     Nextdoor Holdings, Inc. (NXDR)
CIK:        0001846069
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001846069-24-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846069/000184606924000125/0001846069-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846069/000184606924000125/kind-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001846069-24-000125

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