Earnings ·
Nextdoor Reports Q3 Revenue of $79M, Up 14%, and Adjusted EBITDA of $10M
NXDRNextdoor Holdings, Inc.
Nextdoor Holdings reported third-quarter revenue of $79 million, a 14% increase year-over-year, driven by platform weekly active users growing to 24.5 million. The company posted an adjusted EBITDA of $10 million and narrowed its net loss to less than $1 million, compared to a $13 million loss in the prior-year period. Management provided fourth-quarter revenue guidance of $78 million to $80 million and full-year revenue guidance of $293 million to $295 million. Nextdoor operates an online neighborhood network connecting residents with local information and services.