Overview
* Nextdoor Q2 revenue rises 3% yr/yr, beating analyst expectations
* Adjusted EBITDA loss of $2 mln beats analyst estimates
* Co announces restructuring plan to cut annual operating expenses by $30 mln
Outlook
* Nextdoor expects Q4 2025 adjusted EBITDA breakeven
* Company forecasts full-year adjusted EBITDA breakeven in FY 2026
Result Drivers
* PRODUCT IMPROVEMENTS - Enhanced product performance for advertisers contributed to revenue growth and positive operating cash flow
* NEW PLATFORM LAUNCH - Launch of new Nextdoor platform expected to drive future user engagement and monetization growth
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 Beat $65.09 $60.30
Revenue mln mln (5
Analysts
)
Q2 Net -$15.36
Income mln
Q2 Beat -$2.25 -$9.81
Adjusted mln mln (4
EBITDA Analysts
)
Q2 -$20.28
Income mln
from
Operatio
ns
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 $1.75, about 0.6% below its August 6 closing price of $1.76
Press Release:
(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.)
Nextdoor Holdings, Inc. provides Nextdoor platform, which enables neighbors and organizations to build an engaged community of neighbors, businesses and public services that can be depended on to exchange valuable information, goods and services. Neighbors can discover and interact with local businesses, leave recommendations, and follow their Faves on the platform. Neighbors can utilize a local marketplace, for sale and free, to buy, sell, or give away items, and offer services such as dog walking. Its customers can find posts, photos and discussions in the feed, discover nearby neighbors, groups, businesses, events, and items through a nativized maps surface in the discover tab, and search for specific content and organizations through its search feature. Its platform provides neighbors the ability to use generative artificial intelligence (AI) and has integrated AI into the Kindness Remainder. It offers advertising solutions designed to generate tangible value for businesses.
