Overview
Neighborhood network's Q4 revenue grew 7%, beating analyst expectations
Adjusted EBITDA for Q4 beat analyst expectations
Company achieved first positive full-year adjusted EBITDA in its history
Outlook
Company did not provide specific guidance for the upcoming quarters
Result Drivers
REVENUE GROWTH - Q4 revenue increased 7% year-over-year, exceeding analyst expectations
USER ENGAGEMENT - Despite a 5% decline in weekly active users, co focused on AI-driven content to enhance engagement
COST MANAGEMENT - Co reduced net loss by more than half year-over-year, reflecting improved cost management
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $69.48 mln | $67.71 mln (5 Analysts) |
Q4 Net Income | -$4.03 mln | ||
Q4 Adjusted EBITDA | Beat | $7.62 mln | $4.004 mln (5 Analysts) |
Q4 Income from Operations | -$7.42 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 no "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 $2.30, about 39.4% above its February 17 closing price of $1.65
Press Release: ID:nBw6yCKFpa
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(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.)