Nextdoor reports Q1 adjusted EBITDA ($198K) vs. ($9.2M) last year

Reports Q1 revenue $61.7M, consensus $58.2M. “As AI scales and synthetic content floods the internet, verified human connection becomes the scarce resource. Fifteen years of building a trusted local graph consisting of over 110 million real neighbors is not something that can be replicated or replaced,” said Nextdoor (NXDR) CEO and Co-Founder Nirav Tolia. “We believe that the platforms that win will not be the ones with the most compute – they will be the ones with the strongest human signal. We believe that we are uniquely positioned to deliver that signal at scale.” “Q1 was a standout quarter, with Platform WAU at an all-time high, 14% year-over-year revenue growth, and significant improvements on our path to profitability,” said Nextdoor CFO Indrajit Ponnambalam. “Revenue of $62 million represented a significant acceleration in year-over-year growth from Q4 2025 levels, while Adjusted EBITDA improved $9 million year-over-year to nearly breakeven in our seasonally softest quarter. Accelerating revenue growth alongside meaningful profitability improvement gives us increased confidence that our business model is working.”