Nextdoor operates a hyperlocal online social networking platform that connects neighbors, public agencies, and businesses via the internet. Nextdoor was created through the November 5, 2021 merger of a privately held company called Nextdoor, Inc. and a publicly traded special purpose acquisition company (SPAC or blankcheck company), then called Khosla Ventures Acquisition Co. II ("KV Acquisition Co."), with KV Acquisition Co. serving as the surviving entity and changing its name to Nextdoor Holdings, Inc. a ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Nextdoor Holdings, Inc. (KIND) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Nextdoor Holdings, Inc. is a member of the Computer and Technology sector. This group includes 617 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank includes 16 different groups and is listed in order ...

The biggest news of the week wasn't earnings -- it was a lower-than-expected reading of inflation. According to the Bureau of Labor Statistics, consumer prices rose 3.3% from a year ago in May, but that was down from 3.4% in April and was below expectations. While the short-term speculation is that rates will come down, we haven't seen a big move in that direction. The 1-year Treasury yield dropped slightly this week, and there are signs mortgage rates are starting to come down, but that will take time. Nex ...

'Fancy Hour' is Tanqueray's invitation to elevate the moment with a Tanqueray gin martini and hosts first 'Fancy Hour' with Rachel Zoe. NEW YORK, June 5, 2024 /PRNewswire/ -- If there's one thing Tanqueray knows, it's that the first drink sets the tone for the night, and a Tanqueray gin martini is the go-to drink for every fancy occasion. As the 7-time winner of the bartender's choice by Drinks International, Tanqueray is a leader in martini artistry. Today, the award-winning gin announces the launch of 'Fa ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain "Nextdoor" is the world's largest hyperlocal social media network, used by 13% of American adults. Yet little is known about the make-up of the actual neighborhoods—numbering approximately 220,000 across the United States—in which these accounts exist and what people in those communities talk about on th ...

Both of these companies anticipate reaching positive cash flow sooner than they expected.It wasn't too long ago that it was fully acceptable, and maybe even expected, for unprofitable growth stocks to command high valuations as long as they were growing. With access to as much cheap capital as needed, there wasn't much of a need to focus on efficiency.That's changed over the past couple of years as interest rates have risen and investor appetite for speculation has dwindled. So, we saw many growth companies ...

Nextdoor Holdings, Inc. (KIND) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.08, delivering a surprise of 27.27%.Over the last four quarters, the company has ...

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 March 31, 2024 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 Jurisdi ...

Exhibit 99.1 A Letter From Our CEO Dear Shareholders, It is a great honor to reconnect with you as Nextdoor's CEO. Today, I have the same feelings of excitement and possibility as I did when we created this company fourteen years ago. Nextdoor has grown tremendously since then, but I believe our best times are clearly still ahead. In Silicon Valley, there is a commonly held belief that companies benefit when their founders return. I believe this is due in part to the value of the "Founder's Mentality" — a p ...

Financial Data and Key Metrics Changes - Q4 revenue reached $56 million, growing 4% year-over-year, with expectations for continued trends into Q1 [9][39] - Q4 ARPU was stable at $1.33 year-over-year, with mid-market advertisers increasing their average spend by over 125% year-over-year [36][39] - Q4 adjusted EBITDA was a loss of $14 million, representing a negative 25% margin, but showed a 7% point improvement year-over-year [37][39] Business Line Data and Key Metrics Changes - Revenue from home services vertical grew 16% year-over-year in Q4, recovering from a decline in Q3 [11][51] - Self-serve customers now contribute over 40% of total revenue, indicating strong growth in this segment [10][11] - The transition to the Nextdoor Ads Server is complete for 100% of Nextdoor Ads Manager impression demand, marking a key milestone [12][84] Market Data and Key Metrics Changes - The company ended the quarter with $531 million in cash and cash equivalents, with zero debt [58] - Verified Neighbors grew to over 88 million, a 13% year-over-year increase, with weekly active users (WAU) growing to 41.8 million, up 5% year-over-year [18][39] - Session depth increased by 36% year-over-year, reflecting more ad impression opportunities during user sessions [19][57] Company Strategy and Development Direction - The company is focused on increasing user engagement, advertiser growth, and retention while reducing costs to enable growth and positive free cash flow [20][41] - A $150 million increase in the share repurchase program demonstrates confidence in the business and opportunity [4][58] - The strategy includes leveraging AI and machine learning to enhance user experience and ad delivery [21][63] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued user and engagement growth, with expectations for revenue growth in 2024 to exceed that of 2023 [28][59] - The company is seeing a diversification in advertising verticals, with emerging sectors like healthcare and government gaining traction [24][74] - Management acknowledged challenges in certain verticals like financial services and travel but remains focused on recovery as the macro environment improves [80][73] Other Important Information - The CEO announced plans to step down, with Nirav Tolia designated as the incoming CEO, ensuring a smooth transition [5][6] - The company is investing in real-time messaging and community engagement to enhance user experience [48][67] Q&A Session Summary Question: User engagement and conversion trends - Management noted sustained organic growth in Verified Neighbors and emphasized the importance of providing value to users to maintain engagement [66][68] Question: Seasonality in user metrics - Management clarified that while there are seasonal trends, the sustained growth in new neighbor acquisition helps neutralize these effects [76][89] Question: Ad server benefits and vertical performance - The transition to the ad server has driven growth in self-serve ads, with notable performance in home services and retail sectors [84][85]