Nextdoor Holdings Q2 revenue up 3%, beats estimates

Reuters
Aug 08
<a href="https://laohu8.com/S/NXDR">Nextdoor Holdings</a> <a href="https://laohu8.com/S/QTWO">Q2</a> revenue up 3%, beats estimates

Overview

  • Nextdoor Q2 revenue rises 3% yr/yr, beating analyst expectations

  • Adjusted EBITDA loss of $2 mln beats analyst estimates

  • Co announces restructuring plan to cut annual operating expenses by $30 mln

Outlook

  • Nextdoor expects Q4 2025 adjusted EBITDA breakeven

  • Company forecasts full-year adjusted EBITDA breakeven in FY 2026

Result Drivers

  • PRODUCT IMPROVEMENTS - Enhanced product performance for advertisers contributed to revenue growth and positive operating cash flow

  • NEW PLATFORM LAUNCH - Launch of new Nextdoor platform expected to drive future user engagement and monetization growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$65.09 mln

$60.30 mln (5 Analysts)

Q2 Net Income

-$15.36 mln

Q2 Adjusted EBITDA

Beat

-$2.25 mln

-$9.81 mln (4 Analysts)

Q2 Income from Operations

-$20.28 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the online services peer group is "buy."

  • Wall Street's median 12-month price target for Nextdoor Holdings Inc is $1.75, about 0.6% below its August 6 closing price of $1.76

Press Release: ID:nBw56pmp7a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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