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Sep 30, 2021
Nextdoor Q3 2021 Earnings Report
Revenue grew and user engagement increased.
Key Takeaways
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.
Q3 revenue grew 66% year-over-year to $52.7M.
Average total global Weekly Active Users (WAU) increased by 20% year-over-year to 33 million.
Global average revenue per WAU (ARPU) increased 38% year-over-year.
Completed transaction with Khosla Ventures Acquisition Co. II, raising gross proceeds of $674M.
Forward Guidance
Nextdoor expects full year 2021 revenue growth to accelerate and adjusted EBITDA to improve.
Positive Outlook
- Full year 2021 revenue growth to accelerate to between 50% to 52% relative to full year 2020 growth of 49%.
- Prior full year 2021 year-over-year revenue growth guidance of 47%.
- Adjusted EBITDA for full year 2021 is estimated to be between ($48M) and ($47M).
- Adjusted EBITDA improved compared to ($50M) in 2020.
- Building on the momentum in Q3.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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