Nextdoor Earnings Reports

Nextdoor had a strong Q4 2024 with revenue increasing 17% year-over-year, adjusted EBITDA turning positive, and generating meaningful operating cash flow. User growth sustained as Weekly Active Users (WAU) increased 10% year-over-year.

Nextdoor's Q3 2024 saw revenue growth of 17% year-over-year to $66 million, driven by improvements in the Nextdoor Ads Platform and a return to growth for enterprise advertisers. Weekly Active Users (WAU) grew by 13% year-over-year to 45.9 million. The company's adjusted EBITDA improved significantly, reaching ($1 million), and they are raising their full-year guidance for revenue and adjusted EBITDA.

Nextdoor's Q2 2024 showed improvements in revenue and weekly active users. The company is focused on revitalizing its platform and improving business execution. Revenue grew by 11% year-over-year, and weekly active users increased by 8%. Adjusted EBITDA also improved significantly.

Nextdoor's Q1 2024 showed promising results with a 7% year-over-year revenue increase to $53 million, driven by strong self-serve advertiser retention and improvements in key verticals. The company also saw a 17 percentage point improvement in adjusted EBITDA margin and increased self-serve revenue to nearly 50% of total revenue.

Nextdoor's Q4 2023 saw revenue increase by 4% year-over-year to $56 million. Weekly Active Users (WAU) grew 5% year-over-year to 41.8 million. The company's cost reduction plan contributed to adjusted EBITDA margin improvement. The company ended the year with $531M in cash and cash equivalents and marketable securities.

Nextdoor's Q3 2023 saw revenue increase by 4% year-over-year to $56 million, driven by growth from small and medium-sized businesses. Weekly Active Users (WAU) grew 6% year-over-year to 40.4 million, but declined 3% quarter-over-quarter due to deliberate limitations on notification volumes. ARPU declined 2% year-over-year to $1.39.

Nextdoor's Q2 2023 shows a return to revenue growth, increasing 4% year-over-year to $57 million. The company is focused on growing its base of neighbors and organizations, increasing engagement, and building its ad platform to support customers of all sizes.

Nextdoor's Q1 2023 showed a 2% year-over-year revenue decrease to $50 million. Weekly Active Users (WAU) grew by 16% year-over-year to 42.4 million. The company is focused on driving WAU and revenue growth through AI and platform improvements.

Nextdoor's Q4 2022 revenue decreased by 10% year-over-year to $53 million, impacted by reduced advertising spend in key verticals. However, weekly active users (WAU) grew by 11% year-over-year to 40 million. The company focused on operational efficiency and product development to drive engagement and future revenue growth.

Nextdoor's Q3 2022 results showed a mixed performance. Revenue grew slightly, but the company saw strong growth in weekly active users (WAU) and increased engagement. The company is focused on building an active and valuable community, which is driving engagement and growth.

Nextdoor reported a 19% year-over-year increase in revenue to $55 million in Q2 2022. Weekly Active Users (WAU) grew by 26% year-over-year to 36.9 million. The company is adapting to complex macroeconomic conditions by focusing on high-impact growth initiatives and limiting hiring.

Nextdoor's Q1 2022 showed strong growth with revenue increasing by 48% year-over-year to $51 million and weekly active users growing by 33% year-over-year to 36.7 million. ARPU also increased by 12% year-over-year to $1.39.

Nextdoor's Q4 2021 revenue grew 48% year-over-year to $59 million. Weekly Active Users (WAU) increased by 32% year-over-year to 36 million. Adjusted EBITDA margin increased 6 points year-over-year.

Nextdoor's Q3 2021 saw a 66% year-over-year revenue increase to $52.7 million and a 20% increase in Weekly Active Users (WAU) to 33 million. The company also completed its transaction with Khosla Ventures Acquisition Co. II, raising gross proceeds of $674M.