User Growth
Weekly active users (WAU) grew 6% year-over-year to 46.1 million, reflecting steady new U.S. user acquisition.
Revenue Increase
Revenue rose 2% year-over-year to $54 million, despite challenges in certain advertising segments.
Improved Profitability
Net loss of $22 million, representing a 13 percentage points of year-over-year margin improvement, and a 9 percentage points year-over-year improvement in adjusted EBITDA margin.
AI and Monetization Innovations
Introduction of AI-driven features in the Nextdoor Ads Manager, reducing friction for advertisers and enhancing monetization opportunities.
NEXT Product Launch
Upcoming launch of NEXT, a significant product transformation aimed at enhancing user engagement and monetization opportunities.
New Ad Surfaces
Development of new advertising surfaces such as alerts, which have garnered interest from existing clients.