Nextdoor Reports First Quarter 2024 Results
Nextdoor Holdings, Inc. (KIND)
Company Research
Source: Business Wire
Revenue of $53 million, +7% year-over-year; Q1 WAU of 43.4 million, +2% year-over-yearGAAP net loss of $28 million; Operating cash flow of $(14) million; Adjusted EBITDA margin improved by 17 percentage points year-over-yearRaises full-year Adjusted EBITDA guidance; Now expects positive free cash flow1 in Q4'24 SAN FRANCISCO--(BUSINESS WIRE)--May 7, 2024--Nextdoor Holdings, Inc. (NYSE: KIND) today announced financial results for the first quarter ended March 31, 2024.Nextdoor's highlighted metrics for the quarter ended March 31, 2024 include:Total Weekly Active Users (WAU) of 43.4 million increased 2% year-over-year.Revenue of $53 million increased 7% year-over-year.Net loss was $28 million, compared to $34 million in the year-ago period.Adjusted EBITDA loss was $14 million, compared to $22 million in the year-ago period.Ending cash, cash equivalents, and marketable securities were $498 million as of March 31, 2024."Q1 was a promising start to the year. WAU grew to 43.4 million, up
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- Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II (KIND) InvestigationAccesswire
- Nextdoor Holdings, Inc. (NYSE:KIND) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
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KIND
Earnings
- 2/27/24 - Beat
KIND
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 3
- 5/17/24 - Form 4
- KIND's page on the SEC website