Stock Track | Nextdoor Holdings Plunges 9.64% in Pre-Market on Disappointing Q4 Earnings and Wider Losses

Stock Track

02/28

Nextdoor Holdings (KIND) shares plummeted 9.64% in the pre-market trading session on Friday, following the company's fourth-quarter earnings report that missed analysts' expectations and showed wider losses.

The social networking company reported an adjusted loss of $0.08 per share for the quarter ended December 31, 2024, higher than the average analyst estimate of a $0.04 loss per share. While revenue grew 17.4% year-over-year to $65.23 million, it wasn't enough to offset the larger-than-expected losses.

Nextdoor Holdings reported a quarterly net loss of $12.12 million, which likely weighed heavily on investor sentiment. Despite the revenue growth, the company's struggles to control costs and achieve profitability appear to be a significant concern for investors, leading to the sharp pre-market sell-off.

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Despite the revenue growth, the company's struggles to control costs and achieve profitability appear to be a significant concern for investors, leading to the sharp pre-market sell-off.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1139932018","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139932018","pubTimestamp":1740747755,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Nextdoor Holdings  shares plummeted 9.64% in the pre-market trading session on Friday, following the company's fourth-quarter earnings report that missed analysts' expectations and showed wider losses.The social networking company reported an adjusted loss of $0.08 per share for the quarter ended December 31, 2024, higher than the average analyst estimate of a $0.04 loss per share. 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