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.)