Nextdoor Q4 2021 Earnings Report
Key Takeaways
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.
Q4 revenue grew 48% year-over-year to $59M, driven by the continued increase in neighbor engagement as well as healthy advertiser demand across customer sizes and objectives.
Q4 Weekly Active Users (WAU) accelerated for a second straight quarter, increasing by 32% year-over-year to 36 million.
Q4 Adjusted EBITDA margin increased 6 points year-over-year, driven by strong topline growth and operating expense leverage.
In Q4, 52% of neighbors globally were active weekly, reflecting an increase of 5 percentage points year-over-year and an all-time high.
Nextdoor
Nextdoor
Forward Guidance
Revenue is expected to be $48M. Adjusted EBITDA loss is expected to be $23M.