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.
Revenue increased 17% year-over-year to $65 million in Q4 2024, driven by performance-optimized campaigns for self-serve advertisers.
Adjusted EBITDA turned positive at $3 million (5% margin) in Q4 2024, representing a 30 percentage point improvement year-over-year.
Weekly Active Users (WAU) grew 10% year-over-year to 45.9 million, supported by organic U.S. user acquisition and improved notification delivery.
The company generated $11 million in operating cash flow in Q4 2024, reinforcing its disciplined approach to resource allocation.
Nextdoor expects Q1 2025 revenue to be approximately $53 million, with year-over-year revenue growth in the first half of 2025 expected to be approximately flat. The company anticipates an adjusted EBITDA loss of approximately ($13 million) in Q1 2025, while remaining on track to deliver NEXT by mid-year 2025.
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