Nextdoor beats Q3 revenue expectations

Reuters11-06
Nextdoor beats Q3 revenue expectations

Overview

  • Nextdoor Q3 revenue grows 5% yr/yr, beating analyst expectations

  • Adjusted EBITDA for Q3 beats analyst estimates, reflecting improved financial discipline

  • Company reiterates path to adjusted EBITDA breakeven in FY 2026

Outlook

  • Nextdoor reiterates path to full-year adjusted EBITDA breakeven in FY 2026

Result Drivers

  • SELF-SERVE ADVERTISING - Self-serve ads drove nearly 60% of Q3 revenue, benefiting from improvements in Nextdoor Ads Platform

  • PLATFORM OPTIMIZATION - Nextdoor is testing and optimizing its platform for stronger engagement and monetization

  • HIGHEST-EVER REVENUE - Despite a decline in weekly active users, Nextdoor achieved its highest-ever quarterly revenue

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$68.90 mln

$66.51 mln (5 Analysts)

Q3 Net Income

-$12.86 mln

Q3 Adjusted EBITDA

Beat

$4.39 mln

-$4.81 mln (5 Analysts)

Q3 Income from Operations

-$17.23 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the online services peer group is "buy."

  • Wall Street's median 12-month price target for Nextdoor Holdings Inc is $2.40, about 24.6% above its November 4 closing price of $1.81

Press Release: ID:nBw1hnm44a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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