Nextdoor Holdings Inc. published the transcript of its fourth-quarter and full-year 2025 earnings call, attended by Co-Founder, CEO, President & Chairperson of the Board Nirav N. Tolia and Treasurer & CFO Indrajit Ponnambalam, alongside analysts from Citigroup, Craig-Hallum Capital Group and B. Riley Securities. Management said the quarter marked the company’s “strongest quarter ever in terms of financial metrics,” with Q4 revenue of $69 million up 7% year over year and adjusted EBITDA of $8 million (11% margin), while full-year 2025 adjusted EBITDA turned positive “12 months ahead of schedule.” Platform weekly active users were 21 million, down 3% sequentially, which executives framed as an intentional trade-off as the company pulls back on notifications to prioritize engagement quality and long-term retention. “We’ve taken a very, very conservative view as it relates to notifications,” Tolia said, adding the company will keep working until “when someone receives a notification, they feel like it’s relevant to them.” The company highlighted continued momentum in self-serve advertising, with Q4 self-serve revenue up 32% year over year and representing about 60% of total revenue, supported by AI-driven tools that reduce campaign-creation friction and improve optimization. On product strategy, Tolia emphasized a shift toward “utility-centric” and “intent-driven” engagement, with recommendations and local information a major 2026 priority: “Making it possible to easily find the absolute best small businesses in your neighborhood is a major priority for us,” he said. Executives also discussed ongoing investment in programmatic capabilities to meet large-advertiser requirements, while noting it is “something that we need to do to be competitive.” Looking ahead, Nextdoor guided Q1 revenue to $57 million–$59 million and adjusted EBITDA to a loss of $6 million to $4 million, citing typical seasonality and continued focus on core experience improvements rather than increased ad load. The company ended 2025 with about $405 million in cash and marketable securities and no debt, and repurchased 2.5 million shares in Q4 at an average price of $1.77. The full transcript can be accessed through the link below.

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