Nextdoor Holdings Inc Stock Price, News & Analysis

Nextdoor (NYSE: KIND) reported Q3 2024 results with revenue of $66 million, up 17% year-over-year, and Weekly Active Users (WAU) reaching 45.9 million, a 13% increase. The company reduced its net loss to $15 million from $38 million in the previous year, while Adjusted EBITDA loss improved to $1 million from $20 million. The company maintains a strong cash position of $425 million and has raised its full-year 2024 financial outlook, citing improved growth and operational efficiency through its Nextdoor Ads Platform.

Nextdoor Holdings, Inc. (NYSE: KIND), the essential neighborhood network, has announced it will release its third quarter 2024 financial results after U.S. markets close on Wednesday, November 6, 2024. The company will host a conference call at 2:00 p.m. PT/5:00 p.m. ET to discuss the results and outlook.

A live webcast will be available in the Events & Presentations section of Nextdoor's Investor Relations website, with an audio recording accessible for approximately one year. Nextdoor utilizes its Investor Relations website, X handle, and LinkedIn Home Page to disseminate news, announcements, and financial performance updates, as well as to disclose material nonpublic information and comply with Regulation FD.

Nextdoor (NYSE: KIND) has launched its annual Treat Map for the 12th consecutive year, offering an interactive guide to local Halloween festivities. Through October 31st, users can add themed pins to the map, indicating plans to decorate or distribute candy. The map helps families plan efficient trick-or-treating routes, especially useful with Halloween falling on a school night this year.

A September 2024 survey of Nextdoor users revealed:

• Average planned spending of $277 on Halloween supplies, including $76 for candy
• Most expect to start trick-or-treating between 6-7 pm
• On average, neighbors believe 14 is the age to stop trick-or-treating
• 85% will ensure adult supervision for trick-or-treating children
• 63% will establish a route for safe trick-or-treating

The Treat Map is available on the Nextdoor app and at nextdoor.com/treat_map.

Nextdoor (NYSE: KIND) has unveiled the winners of its 8th annual Neighborhood Faves awards, recognizing the most beloved local businesses across the United States. The awards, determined by neighbor recommendations over a year, highlight essential community members that provide outstanding services, products, and experiences.

Winners receive a Neighborhood Faves badge for their Nextdoor Business Page and a window sticker, which can significantly boost their visibility. These businesses typically get 6 times more recommendations on their Business Pages. The importance of local recommendations is underscored by a May 2023 Nextdoor survey, where 94% of neighbors valued recommendations from their Nextdoor community.

As the holiday shopping season approaches, Neighborhood Faves winners are well-positioned to benefit from local support. Last holiday season, nearly 50% of Nextdoor users considered purchases based on recommendations seen on the platform, and over two-thirds prioritize shopping at local stores during the holidays.

Nextdoor (NYSE: KIND), the essential neighborhood network, has announced its participation in two upcoming investor conferences in September 2024. CEO Nirav Tolia and CFO Matt Anderson will represent the company at both events:

1. Citi's 2024 Global TMT Conference in New York City on September 5, with a 40-minute fireside chat starting at 11:10 a.m. PT.

2. Goldman Sachs Communacopia + Technology Conference in San Francisco on September 12, featuring a 35-minute fireside chat beginning at 9:30 a.m. PT.

Live webcasts and recordings of both events will be available on Nextdoor's Investor Relations website. The company also utilizes its Investor Relations website, X handle, and LinkedIn Home Page for disseminating news, financial performance updates, and material nonpublic information.

Nextdoor Holdings (NYSE: KIND) reported its Q2 2024 results. The company achieved revenue of $63 million, marking an 11% growth year-over-year. Total Weekly Active Users (WAU) increased by 8% to 45.1 million. However, the company also reported a GAAP net loss of $43 million compared to $35 million in the prior year. On a positive note, Adjusted EBITDA loss improved to $6 million from $19 million in Q2 2023. The company ended Q2 with $457 million in cash, cash equivalents, and marketable securities. CEO Nirav Tolia highlighted margin improvements and raised the company's financial outlook for the full year 2024.

Nextdoor (NYSE: KIND) has announced the return of co-founder Sarah Leary and former senior leader Kelsey Grady to its leadership team. Sarah will serve as Head of Marketing, Community, and Global Business Operations, while Kelsey takes on the role of Head of Global Communications. These appointments follow the recent return of co-founder Nirav Tolia as CEO.

Sarah, who co-founded Nextdoor in 2011, brings extensive experience from senior roles at eBay and Epinions. Kelsey, who previously served as Nextdoor's Head of Communications from 2011 to 2017, returns with over two decades of communications experience. Both leaders express excitement about rejoining Nextdoor to further its mission of building the essential neighborhood network, which now connects over 90M neighbors in 335,000 neighborhoods across 11 countries.

Nextdoor Holdings (NYSE: KIND), the leading neighborhood network, is set to release its second quarter 2024 financial results on August 7, 2024, after U.S. markets close. A conference call will follow at 2:00 p.m. PT/5:00 p.m. ET to discuss the results and future outlook. Investors can access a live webcast and an audio recording on Nextdoor's Investor Relations website. The company also uses its online platforms such as its X handle and LinkedIn page for important updates and compliance with disclosure regulations.

Nextdoor (NYSE: KIND) has appointed Elisa Steele to its board of directors. Steele, an industry veteran with C-level roles at companies like Jive Software, Microsoft, and Yahoo!, joins a revamped board that includes Marissa Mayer, Niraj Shah, and Robert Hohman. The changes follow founder Nirav Tolia's return as CEO in March 2024.

Steele brings 30 years of tech industry experience and currently serves on the boards of Amplitude, Bumble, JFrog, and Procore Technologies. Her expertise is expected to help Nextdoor enhance its neighborhood network platform.

CEO Tolia highlighted Steele's successful track record at both CEO and CMO levels, emphasizing her potential to drive the company's growth. Steele expressed enthusiasm for leveraging her skills to scale Nextdoor's technology and improve community relationships.