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- Q4 revenue of $65 million, +17% year-over-year; Q4 WAU of 45.9 million, +10% year-over-year<\/i><\/li>\n
- Q4 GAAP net loss of $12 million; Adjusted EBITDA of $3 million; Operating Cash Flow of $11 million<\/i><\/li>\n
- Exceeded 100M Verified Neighbors at year-end 2024<\/i><\/li>\n<\/ul>\n
SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nNextdoor Holdings, Inc. (NYSE: KIND) today announced results for the fourth quarter and full year ended December 31, 2024.<\/p>\n\nNextdoor’s highlighted metrics for the fourth quarter ended December 31, 2024 include:<\/p>\n
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- \nTotal Weekly Active Users (WAU) of 45.9 million increased 10% year-over-year.<\/p>\n<\/li>\n
- \nRevenue of $65.2 million increased 17% year-over-year.<\/p>\n<\/li>\n
- \nNet loss was $12.1 million, compared to $40.5 million in the year-ago period.<\/p>\n<\/li>\n
- \nAdjusted EBITDA was $3.0 million, compared to a $14.0 million loss in the year-ago period, reflecting 30 percentage points of year-over-year margin improvement.<\/p>\n<\/li>\n<\/ul>\n
\nNextdoor’s highlighted metrics for the year ended December 31, 2024 include:<\/p>\n
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- \nRevenue of $247.3 million increased 13% year-over-year.<\/p>\n<\/li>\n
- \nNet loss was $98.1 million, compared to $147.8 million in the year-ago period.<\/p>\n<\/li>\n
- \nAdjusted EBITDA loss was $18.2 million, compared to $74.1 million in the year-ago period.<\/p>\n<\/li>\n
- \nCash, cash equivalents, and marketable securities were $427.0 million as of December 31, 2024.<\/p>\n<\/li>\n<\/ul>\n
\n“Our Q4 results reflect our continued progress and disciplined approach,” said Nextdoor CEO Nirav Tolia. “We delivered positive quarterly Adjusted EBITDA for the first time as a public company, supported by continued user growth and improved performance for advertisers using our Nextdoor Ads Platform.”<\/p>\n
\n“We are now making a decisive shift from vision to execution on NEXT, our complete product transformation. We are encouraged by the useful early signals we have seen, and excited to deliver these changes by mid-2025.”<\/p>\n
\nFor more detailed information on our operating and financial results for the fourth quarter and full year ended December 31, 2024, as well as our outlook, please reference our Shareholder Letter posted to our Investor Relations website located at investors.nextdoor.com<\/a>.<\/p>\n
- Q4 GAAP net loss of $12 million; Adjusted EBITDA of $3 million; Operating Cash Flow of $11 million<\/i><\/li>\n
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