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Nextdoor Q1 2025 Earnings Report
Nextdoor Holdings, Inc. reported a decrease in net loss and total costs and expenses, alongside an increase in revenue and weekly active users for Q1 2025.
Key Takeaways
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.
Net loss decreased by 22% to $21.952 million, indicating improved financial efficiency.
Revenue increased by 2% to $54.176 million, primarily due to increased user engagement.
Total costs and expenses decreased by 8% to $81.189 million, reflecting cost management efforts.
Weekly Active Users (WAUs) grew by 6% to 46.1 million, demonstrating continued user base expansion.
Forward Guidance
Nextdoor anticipates continued operating losses and cash outflows due to significant investments in growth, including acquiring neighbors, increasing engagement and monetization, and expanding internationally. The company expects to satisfy short-term cash requirements with existing cash, cash equivalents, and marketable securities, but future capital raises may be necessary.
Positive Outlook
- Continued investment in acquiring additional neighbors and increasing engagement on the platform.
- Focus on increasing monetization on the platform.
- Strategic expansion of platform and operations internationally.
- Development and enhancement of platform features and infrastructure.
- Ability to obtain equity or debt financing for future growth.
Challenges Ahead
- Anticipated continued net losses and operating cash outflows for the foreseeable future.
- Expansion efforts may be more expensive than anticipated.
- No assurance of achieving or sustaining profitability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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