secwatch.observer — SEC 8-K summary
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Issuer:     Nextdoor Holdings, Inc. (NXDR)
CIK:        0001846069
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001846069-24-000223
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846069/000184606924000223/0001846069-24-000223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846069/000184606924000223/kind-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001846069-24-000223

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