Nextdoor Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw record platform engagement and 14% revenue growth, with adjusted EBITDA near breakeven and strong performance across all ad channels. Full-year guidance was raised, and AI-driven features are driving both user engagement and monetization.
Fiscal Year 2025
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Q4 2025 delivered record revenue and positive adjusted EBITDA, marking a successful turnaround and operational discipline. Self-serve ad revenue surged, engagement quality improved, and strong liquidity was maintained, with AI and product enhancements driving future growth.
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Q3 2025 saw record revenue and positive Adjusted EBITDA, driven by strong self-serve ad growth and improved platform efficiency. Guidance for Q4 and 2026 remains positive, with a focus on sustainable growth, product innovation, and user experience.
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Leadership is driving a strategic turnaround focused on daily engagement, AI integration, and trusted local content. Monetization is shifting toward durable, user-friendly streams, with engagement as the main growth lever. The company is in a rebuild phase, prioritizing sustainable, long-term value creation.
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Nextdoor is undergoing a major transformation, focusing on product-led growth and expanding its content to include third-party news, alerts, and AI-driven recommendations. Monetization is shifting toward self-serve and intent-based ads, with a disciplined approach to capital and a break-even target for Q4 and 2026.
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Revenue grew 3% year-over-year to $65M in Q2, with self-serve channels driving 27% growth and improved margins. The company launched a new platform, announced a restructuring to cut costs, and targets adjusted EBITDA breakeven by Q4 2025 and full-year 2026.
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The meeting, held virtually, confirmed a quorum and addressed three proposals: director elections, auditor ratification, and executive compensation. All proposals passed by majority or plurality vote, with final results to be filed with the SEC.
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Q1 2025 saw 6% WAU growth and 2% revenue growth, with significant margin improvements and a focus on launching the Next platform by July. The company is prioritizing long-term engagement and monetization through AI-driven features and expects Q2 revenue of $60 million.
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A major transformation is underway, shifting from incremental improvements to a complete product overhaul focused on news, alerts, and recommendations. Early tests show increased engagement, and AI is being integrated to enhance user and advertiser experiences. The new platform, Next, will launch within a few quarters, driving deeper engagement and new monetization.
Fiscal Year 2024
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Q4 saw 10% user growth and 17% revenue growth, with positive adjusted EBITDA and strong cash reserves. The company is prioritizing long-term product transformation with 'Next,' expecting short-term impacts on metrics as it shifts focus to engagement and launches by mid-2025.
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Q3 2024 saw 13% WAU and 17% revenue growth, with a 33-point Adjusted EBITDA margin improvement. The company raised its full-year outlook, continues to focus on organic user growth, and is investing in product transformation for deeper engagement.
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The platform is undergoing a strategic transformation to drive daily engagement and unlock new business value, with AI and self-serve advertising at the core of growth. Near-term focus is on English-speaking markets, financial discipline, and delivering both innovation and profitability.
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Leadership is driving a turnaround with a renewed focus on execution, innovation, and a major product overhaul called “Next.” Recent results show strong user and revenue growth, with self-serve ads and improved productivity fueling monetization. The strategy prioritizes core markets and user experience enhancements.
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Q2 revenue grew 11% year-over-year to $63 million, with strong user and advertiser growth, improved margins, and significant cost efficiencies. Full-year 2024 guidance was raised, and positive free cash flow is expected in Q4.
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The meeting confirmed a quorum, presented five proposals including director elections, auditor ratification, executive compensation, and a charter amendment. All proposals passed, with Chris Varelas, Marissa Mayer, and Niraj Shah elected as directors. No questions were submitted by stockholders.