Loading...
•
Jun 30, 2022
Nextdoor Q2 2022 Earnings Report
Nextdoor's performance in Q2 2022 reflected revenue growth and continued user engagement amidst macroeconomic challenges.
Key Takeaways
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.
Q2 revenue grew 19% year-over-year to $55M, driven by advertiser demand.
Weekly Active Users (WAU) increased 26% year-over-year to 36.9 million.
Global sessions growth accelerated 10 points quarter-over-quarter.
The number of net advertisers in international markets grew almost 50% year-over-year.
Forward Guidance
Nextdoor provided revenue and adjusted EBITDA loss outlook for Q3 2022 and revised revenue and adjusted EBITDA margin outlook for FY 2022, taking into account the macroeconomic conditions and current business trends.
Positive Outlook
- Focus on growing the base of neighbors and organizations.
- Increasing engagement on the platform.
- Delivering strong revenue performance.
- Reinvesting into the business for long-term growth.
Challenges Ahead
- Revenue is expected to be between $53M–$55M for Q3 2022.
- Adjusted EBITDA loss is expected to be between $20M–$19M for Q3 2022.
- Revenue is expected to be between $220M–$225M for FY 2022.
- Adjusted EBITDA margin is expected to be (28%) for FY 2022.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...