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Dec 31, 2021
Nextdoor Q4 2021 Earnings Report
Revenue increased driven by neighbor engagement and advertiser demand, and Weekly Active Users (WAU) increased.
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.
Forward Guidance
Revenue is expected to be $48M. Adjusted EBITDA loss is expected to be $23M.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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