earnings
confidence high
sentiment positive
materiality 0.75
Nextdoor Q2 revenue +11% to $63M; raises FY2024 margin guidance
Nextdoor Holdings, Inc.
2024-Q2 EPS reported
-$0.18
revenue$116,438,000
- Q2 revenue $63M (+11% YoY); WAU 45.1M (+8% YoY). Self-serve revenue 49% of total (up from 39%).
- GAAP net loss $43M; adjusted EBITDA loss $6M, a 23pp margin improvement YoY.
- Raised FY2024 outlook: ~10% revenue growth, 20pp adjusted EBITDA margin improvement (vs prior 15pp).
- Repurchased 18M shares for $44M in Q2; $119M remaining on buyback authorization.
- CEO announced NEXT transformation initiative; meaningful product progress not expected until mid-2025.