Nextdoor Holdings Inc Stock Price, News & Analysis

Nextdoor Holdings, Inc. (NYSE: KIND) announced that Chief Financial Officer Mike Doyle will participate in the 2022 Wells Fargo TMT Summit on Tuesday, November 29, 2022. Attendees can contact the company for more details regarding registration and meeting information. Nextdoor leverages its Investor Relations website and social media platforms to provide updates on business and financial performance. The company connects over 300,000 neighborhoods across 11 countries, emphasizing a core mission of fostering kindness and community connections.

Nextdoor Kind Foundation has launched the Keep It Local Business Fund, providing $5,000 microgrants to entrepreneurs of color to support local communities. This initiative, developed in collaboration with the NAACP and Hello Alice, aims to address the funding gap faced by Black entrepreneurs. Applications are open from November 14 to December 16, with grant recipients gaining access to resources for business growth, including pro bono advertising on the Nextdoor platform.

Nextdoor Holdings, Inc. (NYSE: KIND) reported its Q3 2022 results, showing a 17% year-over-year increase in Total Weekly Active Users (WAU) to 38.3 million and a 2% revenue rise to $54.0 million. However, the company faced a net loss of $34.7 million, up from a loss of $19.4 million in the same period last year. The Adjusted EBITDA loss also widened to $18.4 million from $7.7 million. As of September 30, 2022, Nextdoor had cash and equivalents of $604.5 million, indicating a solid capital position despite ongoing losses.

Nextdoor Holdings, Inc. (NYSE: KIND) will report its third quarter 2022 financial results on November 8, 2022, after U.S. market closure. A conference call will follow at 2:00 p.m. PT/5:00 p.m. ET to discuss these results and future outlook. Interested parties can join a live webcast on the Nextdoor Investor Relations website, with an audio recording available for a year.

Nextdoor connects over 295,000 neighborhoods in 11 countries, with nearly 1 in 3 U.S. households actively using the platform.

Nextdoor (NYSE: KIND) has announced a strategic collaboration with Oracle Advertising to enhance advertiser controls and optimize ad experiences on its platform. The partnership aims to provide advertisers with greater transparency and tools to effectively measure campaign success. Development is expected to commence in 2023. This collaboration is anticipated to strengthen Nextdoor's offerings, connecting brands with a highly engaged local audience while maintaining a trusted environment for digital advertising.

Nextdoor (NYSE: KIND) has launched a multi-year partnership with Toronto FC, introducing the ‘Neighbour of the Match’ campaign. This initiative will honor local fans making a positive impact in their communities during Toronto FC matches at BMO Field. The partnership aims to engage GTA neighborhoods through various community events and in-stadium activations, enhancing the connection between soccer fans and their local communities. This collaboration reflects Nextdoor's mission to foster kindness and community spirit.