Nextdoor Q3 revenue $66M (+17% YoY), raises FY2024 guidance; adjusted EBITDA loss narrows to $1M

Nextdoor Holdings, Inc.

2024-Q3 EPS reported -$0.22 revenue$182,048,000

Revenue $66M (+17% YoY); WAU 45.9M (+13% YoY); net loss $15M (vs $38M prior-year).
Adjusted EBITDA loss $1M (vs $20M), margin improvement of 33pp YoY; raised FY2024 revenue outlook to $245M.
Cash $425M, no debt; repurchased 8M shares in Q3 at $2.64 avg; $100M remaining on authorization.
Q4 guidance: revenue $63M (+13% YoY), adj. EBITDA loss $2M, expects positive free cash flow.
CEO cites improved growth and operational efficiency; NEXT platform transformation on track with meaningful signs expected mid-2025.

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