Nextdoor Holdings Inc
NYSE:KIND
Nextdoor Holdings Inc
Nextdoor Holdings, Inc. operates as a holding company with interest in operating as social network site which connects with neighborhood and businesses. The company is headquartered in San Francisco, California and currently employs 602 full-time employees. The company went IPO on 2021-03-24. Nextdoor, is a platform that facilitates healthy neighborhood connections and conversations. The company uses machine-learning and technology, that enables locally relevant conversations, keeping neighbors informed and connected while nurturing civil and kind discussions with solutions like the Neighbor Pledge and the Kindness Reminder. Its Nextdoor Ad Manager (NAM) is its business solutions, running its advertising products, advertising technology stack and reporting capabilities. Its platform provides information, give and get help, and builds real-world connections with nearby neighbors, businesses, and public agencies. The firm's platform serves across 11 countries, including the United States, United Kingdom, the Netherlands, France, Germany, Italy, Spain, Australia, Denmark, Sweden, and Canada. Its application (app) is available on iOS and Android mobiles.
Nextdoor Holdings, Inc. operates as a holding company with interest in operating as social network site which connects with neighborhood and businesses. The company is headquartered in San Francisco, California and currently employs 602 full-time employees. The company went IPO on 2021-03-24. Nextdoor, is a platform that facilitates healthy neighborhood connections and conversations. The company uses machine-learning and technology, that enables locally relevant conversations, keeping neighbors informed and connected while nurturing civil and kind discussions with solutions like the Neighbor Pledge and the Kindness Reminder. Its Nextdoor Ad Manager (NAM) is its business solutions, running its advertising products, advertising technology stack and reporting capabilities. Its platform provides information, give and get help, and builds real-world connections with nearby neighbors, businesses, and public agencies. The firm's platform serves across 11 countries, including the United States, United Kingdom, the Netherlands, France, Germany, Italy, Spain, Australia, Denmark, Sweden, and Canada. Its application (app) is available on iOS and Android mobiles.
Revenue Growth: Q2 revenue rose 3% year-over-year to $65 million, with strength from the self-serve ad channel.
User Metrics: Platform WAU reached 21.8 million, up 1% year-over-year, and is now the company’s primary user metric.
Profitability: Adjusted EBITDA margin improved by 6 percentage points year-over-year, and the company generated positive operating cash flow for the third consecutive quarter.
Restructuring & Cost Cuts: Announced a restructuring plan, including workforce reductions, aiming to cut annual GAAP operating expenses by about $30 million and to reach full-year adjusted EBITDA breakeven in 2026.
Product Transformation: Rolled out a rebuilt Nextdoor platform with new features: local news, real-time alerts, and an AI-powered assistant called Faves, all intended to boost engagement and ad opportunities.
Guidance: Q3 2025 revenue expected to be about $66 million, with an adjusted EBITDA loss of approximately $5 million. Quarterly adjusted EBITDA breakeven targeted for Q4 2025.
Leadership Changes: Announced a new President of Products and upcoming CFO transition.
