Summary of Nextdoor Conference Call Company Overview - **Company**: Nextdoor - **CEO**: Nirav Tolia - **Context**: Discussion on the company's strategic priorities, recent developments, and future direction Key Points Company Mission and Market Position - Nextdoor's mission remains unchanged since its inception in 2010, focusing on becoming the single winner in the local social networking space, similar to other consumer internet sectors [3][5] - The company acknowledges past failures to evolve with the social networking landscape, leading to a decline in user growth post-COVID [4][5] Recent Developments - A new version of Nextdoor was launched in July, aiming to transform the platform from episodic use to daily engagement, similar to platforms like Instagram and TikTok [8][10] - The integration of third-party content, particularly from local publishers, has been positively received, marking a shift towards a more discovery-centric platform [10][12] Strategic Focus Areas - The new strategy emphasizes five essential elements for driving long-term engagement: news (third-party information), alerts, favorites, classifieds, and local groups [13][14] - Initial focus has been on news, alerts, and favorites, with plans to expand into classifieds and local groups in the future [13][14] Engagement and User Experience - The company aims to increase the quality and quantity of content on the platform, targeting a 10x increase in quality content [16] - Alerts are being refined to provide localized, relevant information directly to users, enhancing the platform's utility [18][19] AI Integration - Nextdoor is committed to integrating AI into its operations, viewing it as essential for survival and product improvement [25][26] - AI will be used to enhance user interactions, summarize content, and generate prompts for discussions, leveraging the platform's unique local data [28][29] Monetization Strategy - The company is shifting away from short-term revenue maximization tactics, such as increased ad load, to focus on building durable revenue sources [32][33] - Future monetization strategies will include partnerships with service providers and exploring additional revenue models beyond advertising [35][36] Competitive Landscape - Nextdoor believes it has a unique position in the local market, controlling its distribution and proprietary content, which differentiates it from competitors [37][38] - The company sees its main competition as itself, emphasizing the need for continuous improvement in user engagement [39][40] Future Outlook - Nextdoor is in a transformation phase characterized by reset, rebuild, and reaccelerate, with expectations for revenue growth to materialize by 2026 [51][52] - The management team is focused on long-term value creation rather than short-term gains, aiming for substantial growth in the future [52] Conclusion - Nextdoor is committed to evolving its platform to enhance user engagement and satisfaction, with a clear focus on integrating AI and refining its monetization strategies while maintaining a strong emphasis on community trust and authenticity [30][31][41]

Core Insights - Nextdoor is a local social app with a user base exceeding 100 million verified neighbors [1] - The company recently launched its platform transformation initiative called NEXT in July [1] Company Overview - Nextdoor was co-founded by Nirav Tolia, who currently serves as the CEO [1] - The app focuses on fostering community connections among neighbors [1]

Summary of Nextdoor (KIND) 2025 Conference Call Company Overview - **Company**: Nextdoor - **Industry**: Social Networking - **User Base**: Over 100 million verified neighbors - **Recent Changes**: Launched a new platform transformation in July 2025 Core Points and Arguments 1. **Mission and Opportunity**: Nextdoor aims to become the essential local application that provides immediate information about local communities, filling a gap not addressed by existing platforms like Google or Meta [4][5][6] 2. **Product-Led Growth (PLG)**: The company is shifting towards a product-led growth culture, emphasizing the importance of evolving the product to retain and attract users, rather than relying solely on marketing strategies [6][7] 3. **Transformation Phases**: The transformation involves three phases: reset, rebuild, and reaccelerate. Currently, Nextdoor is in the early stages of the rebuild phase, focusing on improving the product [8][9][10] 4. **New Features**: The new Nextdoor includes three pillars: news, alerts, and recommendations (faves). This marks a shift from solely neighbor-generated content to integrating third-party content, including local news from 5,000 publishers [11][13][14] 5. **Content Strategy**: The platform is expanding its content offerings to include local news, alerts about natural disasters, and community events, aiming to provide a comprehensive view of local life [15][18][19] 6. **AI Integration**: Nextdoor is leveraging AI to enhance user experience, including personalized content recommendations and AI-generated conversation starters to increase engagement [16][20][24][25] 7. **User Engagement**: Currently, only about 25 million out of 100 million verified users visit Nextdoor weekly. The company aims to increase this engagement by reactivating dormant users and attracting new demographics [31][32][35] 8. **Monetization Strategy**: The revenue model is primarily ad-based, with a focus on increasing user engagement to drive revenue. The company is also exploring programmatic advertising and integrating small businesses into conversations on the platform [27][40][41][42] 9. **Profitability Goals**: Nextdoor aims to break even by Q4 2025 and in 2026, emphasizing a culture of judicious spending and investment in growth opportunities [50][51] Important but Overlooked Content 1. **User Personalization**: The platform is developing sophisticated user profiles based on location and engagement to tailor content effectively [22][23] 2. **Community Engagement**: The company recognizes the need for a diverse range of content to appeal to various demographics, including younger users, by focusing on universally relevant alerts and events [36][37][38] 3. **Cultural Shift**: The leadership emphasizes a cultural shift towards treating every dollar spent as sacred, fostering a mindset of innovation and efficiency [50][51] This summary encapsulates the key insights and strategic directions discussed during the Nextdoor conference call, highlighting the company's focus on product evolution, user engagement, and monetization strategies.

Core Viewpoint - Nextdoor Holdings, Inc. (NYSE: NXDR) experienced a sell-off prior to its quarterly report, indicating market overreaction to recent developments [1] Group 1: Stock Performance - The stock initially spiked following the launch of the new Nextdoor platform in mid-July, but subsequently faced a decline as investors anticipated another weak performance [1] Group 2: Market Reaction - The market's reaction to the stock was characterized by a quick sell-off, reflecting investor concerns about the company's future performance [1]

Company Performance - Nextdoor Holdings, Inc. reported a quarterly loss of $0.04 per share, better than the Zacks Consensus Estimate of a loss of $0.06, representing an earnings surprise of +33.33% [1] - The company posted revenues of $65.09 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 6.29% and showing an increase from $63.29 million year-over-year [2] - Over the last four quarters, Nextdoor has consistently surpassed consensus EPS and revenue estimates [2] Stock Outlook - Nextdoor shares have declined approximately 25.7% since the beginning of the year, contrasting with the S&P 500's gain of 7.9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $64.32 million, and for the current fiscal year, it is -$0.20 on revenues of $244.9 million [7] Industry Context - The Internet - Software industry, to which Nextdoor belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Nextdoor's stock performance [5]

Financial Data and Key Metrics Changes - In Q2, users, revenue, and profitability each improved year over year, with revenue growth driven by momentum in the self-serve channel [16][22] - Q2 revenue was $65 million, up 3% year over year, while self-serve revenue grew 27% year over year and accounted for nearly 60% of total revenue [22][24] - Q2 GAAP net loss was $15 million, representing a negative 24% margin, while adjusted EBITDA loss was $2 million, reflecting a six percentage point year over year improvement [26][28] Business Line Data and Key Metrics Changes - The self-serve channel has become a key contributor to growth, improving advertiser performance, revenue yields, and advertiser retention [16][22] - The new product features, including local news, real-time alerts, and the FAVES AI assistant, aim to increase daily utility for users and create richer surfaces for advertisers [11][12][14] Market Data and Key Metrics Changes - Local news now accounts for roughly 5% of overall feed content, reaching 77% of U.S. cities, with over half of users engaging with this content [8][47] - The alert feature is expected to grow as real-time events occur, enhancing user engagement during critical situations [48][50] Company Strategy and Development Direction - The company is undergoing a transformation focused on product excellence, operational discipline, and community engagement, aiming to become the essential neighborhood network [5][18] - A restructuring plan was announced to improve focus and efficiency, including a workforce reduction to reset the cost structure and aim for adjusted EBITDA breakeven in 2026 [18][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the transformation strategy, emphasizing the importance of user experience and the potential for long-term value creation [64][65] - The company expects modest year-over-year revenue growth for the full year 2025, with a path to quarterly adjusted EBITDA breakeven in Q4 [29][30] Other Important Information - The company ended the quarter with $413 million in cash and no debt, indicating a strong balance sheet [27] - A leadership change was announced, with Craig Lisowski appointed as President of Products and Matt Anderson stepping down as CFO [19][20] Q&A Session Summary Question: Can you quantify the changes made to ad loads and the strategy for turning them back on? - Management indicated that the focus is on optimizing user experience first rather than increasing ad load, with excitement about experimenting with new ad formats [35][36] Question: What feedback have you received from advertisers regarding the new platform? - Management noted that CMOs expressed a desire for a better user experience, which aligns with the company's focus, and they plan to work closely with advertisers to define new ad formats [40][42] Question: What are the evolving use cases for the Nextdoor app and which surfaces are users spending the most time on? - Management highlighted that local news and alerts are gaining traction, with significant user engagement, while alerts will grow organically based on real-time events [47][48] Question: How are budget conversations with large advertisers evolving? - Management reported meaningful quarter-over-quarter improvements and expects ongoing gradual benefits from programmatic partnerships and click optimization for larger advertisers [52][54]

Q2 2025 © 2025 Nextdoor. All rights reserved. John T. Williams Nextdoor Investor Update Additional risks and uncertainties that could affect our financial results and business are more fully described in our Quarterly Report on Form 10-Q for the period ended June 30, 2025, filed on August 7, 2025, and our other SEC filings, which are available on the Investor Relations page of our website at investors.nextdoor.com and on the SEC's website at www.sec.gov. All forward-looking statements contained herein are b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40246 Nextdoor Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 86-1776836 (State or Other Jurisdic ...

Exhibit 99.2 Nextdoor Reports Second Quarter 2025 Results SAN FRANCISCO, CA, August 7, 2025 — Nextdoor Holdings, Inc. (NYSE: NXDR), the essential neighborhood network, today reported financial results for the second quarter ended June 30, 2025. Nextdoor's highlighted metrics for the quarter ended June 30, 2025 include: "In Q2, users, revenue, and profitability all improved year-over-year. Product-driven performance improvements for advertisers continued to scale, enabling us to generate positive operating c ...

Group 1 - Nextdoor's hyper-localized audiences and ample cash position make it an interesting investment prospect with high upside potential [1] - The company is currently experiencing significant cash burn, raising concerns about monetization and profitability [1] - Observing megatrends and technological advancements can provide valuable insights for investment opportunities [1] Group 2 - The focus on marketing and business strategy is particularly relevant for medium-sized companies and startups [1] - The analyst has experience in evaluating startups and emerging industries, which adds depth to the analysis [1] - Emphasis on the importance of fundamentals, quality of leadership, and product pipeline in uncovering investment opportunities [1]