Nextdoor delivered its highest-ever quarterly revenue of $69 million, a 5% increase year-over-year, driven by steady execution and growth in its self-serve advertising platform. The company also significantly improved its adjusted EBITDA, reaching $4 million compared to a loss in the prior year, demonstrating strong financial and operational discipline.
Nextdoor delivered a strong second quarter in 2025, with revenue increasing 3% year-over-year to $65 million and Platform Weekly Active Users (WAU) growing 1% to 21.8 million. The company significantly reduced its net loss to $15 million from $43 million in the prior year and improved its Adjusted EBITDA loss to $2 million from $6 million, demonstrating a 6 percentage point margin improvement. Nextdoor also announced a restructuring plan to reduce annualized operating expenses by approximately $30 million, aiming for quarterly adjusted EBITDA breakeven in Q4 2025 and full-year adjusted EBITDA breakeven in FY 2026.
Nextdoor Holdings, Inc. reported a net loss of $21.952 million for the three months ended March 31, 2025, a 22% decrease from the $28.261 million net loss in the same period last year. Revenue increased by 2% to $54.176 million, driven by increased user engagement. Total costs and expenses decreased by 8% to $81.189 million.
Nextdoor concluded 2024 with a strong Q4, seeing revenue increase by 17% year-over-year to $65 million. The company achieved positive adjusted EBITDA of $3 million and generated $11 million in operating cash flow. Weekly Active Users (WAU) grew 10% year-over-year to 45.9 million, and the company maintained a disciplined balance between strategic investments and cost controls.
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.