Reports Q2 GAAP net loss of $43M and adjusted EBITDA loss of $6M. “Q2 was a productive quarter at Nextdoor,” said Nextdoor CEO Nirav Tolia. “We reported an 8% year-over-year increase in WAU and 11% growth in revenue as advertisers are benefiting from improved functionality and performance on our Nextdoor Ads Platform. New users continue to join the platform and engage more deeply, and with our resources better allocated towards growth, we unlocked meaningful margin improvement in Q2 and are raising our full-year 2024 outlook. I remain confident Nextdoor is well-positioned for the next phase of our growth.”
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