Nextdoor reports Q2 EPS (4c), consensus (5c)

Reports Q2 revenue $65M, consensus $60.35M. “In Q2, users, revenue, and profitability all improved year-over-year. Product-driven performance improvements for advertisers continued to scale, enabling us to generate positive operating cash flow for the third straight quarter,” said Nextdoor (KIND) (NXDR) CEO Nirav Tolia. “The new Nextdoor, which we delivered in mid-July, offers a transformed experience for neighbors and advertisers and serves as a strong foundation for future user engagement and monetization growth.”