Financial Data and Key Metrics Changes - In 2022, the company achieved revenue growth of 11% year-over-year, totaling $213 million, but Q4 revenue declined by 10% year-over-year to $53 million due to reduced advertising spend from key verticals [7][29][25] - Q4 adjusted EBITDA loss was $17 million, representing a negative 32% margin, primarily due to revenue decline and increased personnel and hosting costs [12][41] - Q4 ARPU declined 19% year-over-year to $1.33, reflecting a growth in sessions and supply that outpaced advertiser demand [12][29] Business Line Data and Key Metrics Changes - The company reported a 42% year-over-year growth in weekly active users (WAU) internationally, with a total of 40 million WAU, indicating strong engagement [15][21][112] - The For Sale & Free platform is a significant driver of engagement, bringing new users to the platform and contributing to overall monetization [72][98] - The company retained 90% of its top 50 customers in 2022, demonstrating the sustained value proposition to advertisers despite macroeconomic challenges [11][25] Market Data and Key Metrics Changes - The company noted a shift in advertising spend towards recession-resilient verticals, particularly in healthcare and government, which showed year-over-year growth [59][40] - U.S. CPMs remained stable year-over-year, indicating the value delivered to advertisers [12] - The company reported that 21% of its WAU is international, but only 5% of its revenue comes from international markets, highlighting significant growth potential [67][89] Company Strategy and Development Direction - The company is focused on enhancing product offerings through machine learning and AI to improve user engagement and advertising effectiveness [4][24] - There is a commitment to growing WAU and revenue while balancing expense management and investing in long-term product initiatives [26][9] - The company aims to deepen engagement through new features like the Events Map and improved ad formats, emphasizing local community interactions [107][70] Management's Comments on Operating Environment and Future Outlook - Management acknowledged continued uncertainty in the advertising environment but expressed confidence in the company's ability to return to revenue growth and margin improvement in 2023 [9][81] - The focus remains on cultivating a safer neighborhood environment to enhance user engagement and advertiser spending [82][81] - Management highlighted the importance of local engagement and brand awareness as key drivers for future growth [82][63] Other Important Information - The company ended Q4 with $583 million in cash and equivalents, after repurchasing $77 million of its Class A common stock in 2022 [114] - The company is investing in its proprietary ad platform to leverage first-party data for better advertiser performance [47][60] Q&A Session Questions and Answers Question: What does engagement look like today with the recent launch? - Engagement has seen a 42% year-over-year growth in WAU internationally, with users returning on average about four times a week [15][21] Question: What are the use cases for consistently engaged neighbors? - The top use cases include recommendations, trusted information sharing, and social commerce through the For Sale & Free platform [45][72] Question: What advertising verticals are focused on for growth in 2023? - Key verticals include tech, telco, healthcare, and government, with a focus on building brand awareness in these areas [59][40] Question: How is the company addressing the advertising environment volatility? - The company is focused on retaining existing advertisers while bringing new customers on board, with a strong emphasis on mid-market accounts [40][55] Question: What differentiates Nextdoor in the advertising market? - Nextdoor's unique local focus and high trust among users provide a competitive advantage, allowing for targeted advertising to specific community segments [60][63]

Financial Performance - The company reported total revenue of $212,765,000 for the year ended December 31, 2022, representing a 10.3% increase from $192,197,000 in 2021[342]. - The company's net loss for 2022 was $137,916,000, compared to a net loss of $95,325,000 in 2021, indicating a significant increase in losses[342]. - The comprehensive loss for 2022 was $139,583,000, compared to $95,057,000 in 2021, reflecting an increase in overall losses[345]. - For the year ended December 31, 2022, Nextdoor reported a net loss of $137.916 million, compared to a net loss of $95.325 million in 2021, reflecting an increase of 44.7% in losses year-over-year[352]. - The company reported a net loss attributable to common stockholders of $46.3 million in 2022, compared to a loss of $91.6 million in 2021[449]. - The Company recorded a loss before income taxes of $136.2 million in 2022, compared to a loss of $95.2 million in 2021[451]. Cash and Cash Equivalents - As of December 31, 2022, the company had cash and cash equivalents of $55.2 million and marketable securities of $528.1 million[314]. - Cash and cash equivalents significantly decreased from $521,812,000 in 2021 to $55,236,000 in 2022, a drop of about 89.4%[340]. - Total cash, cash equivalents, and restricted cash at the end of 2022 was $55.236 million, a significant decrease from $521.812 million at the end of 2021[352]. - The company's cash equivalents included $20,381 in money market funds and $15,415 in Level 2 securities, totaling $35,796[413]. Expenses and Liabilities - Research and development expenses rose to $127,073,000 in 2022, up from $97,096,000 in 2021, reflecting a 30.9% increase[342]. - The total liabilities decreased slightly from $95,101,000 in 2021 to $88,494,000 in 2022, a reduction of approximately 7.0%[340]. - Stock-based compensation for the year amounted to $47.514 million, indicating a significant investment in employee incentives[349]. - Total stock-based compensation expense increased to $64.4 million in 2022 from $47.5 million in 2021, with research and development expenses accounting for $35.6 million[448]. - The total lease payments under operating leases as of December 31, 2022, were projected to be $70,984, with a present value of lease liabilities at $61,597[422]. Revenue Recognition - The company recognized revenue primarily through advertising impressions displayed on its platform, with a complex revenue recognition process[328]. - The Company recognizes advertising revenue upon displaying an impression to users, with no minimum impression guarantees in its arrangements[382]. - Cost of revenue primarily includes third-party hosting costs and personnel-related expenses, reflecting the operational structure of the Company[387]. Stock and Equity - The company issued common stock upon the reverse recapitalization, resulting in an increase of $622.588 million in additional paid-in capital[348]. - Following the Reverse Recapitalization, a total of 382,957,639 shares of common stock were outstanding, including 304,003,976 shares of Nextdoor Class B common stock[405]. - The company authorized the issuance of 50,000,000 shares of preferred stock, but as of December 31, 2022, no shares were issued or outstanding[429]. - The company has a Share Repurchase Program authorized to repurchase up to $100.0 million in Class A common stock, set to expire on June 30, 2024[437]. Risks and Challenges - The company generates substantially all of its revenue from advertising, making it vulnerable to reductions in advertiser spending[318]. - The company has experienced rapid growth and plans to continue investing in growth, but effective management of this growth is crucial for future success[318]. - The company has a history of net losses and may continue to experience net losses in the future, raising concerns about achieving and sustaining profitability[318]. - The company relies on third-party software and service providers for advertisement management and platform services, which poses risks if these services are disrupted[318]. - The company is expanding its international operations, which may expose it to increased business, regulatory, and economic risks[318]. Tax and Deferred Assets - The Company has fully offset its U.S. net deferred tax assets with a valuation allowance due to historical operating performance and cumulative net losses[392]. - The Company had total deferred tax assets of $163.3 million as of December 31, 2022, with a full valuation allowance established[453]. - Federal net operating loss carryforwards amounted to $382.1 million as of December 31, 2022, beginning to expire in 2033[454]. - The effective tax rate for 2022 was 1.2%, influenced by changes in valuation allowance and other factors[452]. Investments and Securities - The Company maintains investments in high credit-rated securities, minimizing credit risk associated with its cash and cash equivalents[380]. - The amortized cost of marketable securities as of December 31, 2022, was $530.5 million, with unrealized losses totaling $2.5 million[410]. - The Company converted all 61,331,815 shares of Legacy Nextdoor redeemable convertible preferred stock into common stock at the conversion rate specified in the Merger Agreement[401]. Miscellaneous - The company entered into a credit agreement with Opportunity Finance Network for up to $15 million, unsecured, over 24 months starting June 29, 2022[426]. - The company matched $1.4 million in 401(k) contributions for eligible participants in 2022, up from $1.1 million in 2021[450].

Financial Data and Key Metrics Changes - Revenue grew 2% year-over-year to $54 million, reflecting continued headwinds in advertising spend across various customers [13][24] - Adjusted EBITDA for Q3 was a loss of $18 million, representing a negative 34% margin, primarily due to near-term deleveraging as revenue growth remains unpredictable [27] - Q3 ARPU declined 12% year-over-year to $1.41, attributed to stronger WAU growth and lower monetization from SMB customers [26] Business Line Data and Key Metrics Changes - Weekly Active Users (WAU) grew by 17% year-over-year and 4% sequentially, with over 1 million net new WAU added quarter-over-quarter [8][22] - Sessions growth exceeded WAU growth, indicating increasingly frequent engagement, with a 15% sequential increase in sessions [10][46] - The majority of advertisers' spend in Q3 was on direct response campaigns, although there were strong brand partnerships as well [25] Market Data and Key Metrics Changes - Continued headwinds in advertising spend were noted, particularly in financial services and real estate, while pockets of strength were observed in mid-market advertisers [13][14] - The company expanded its third-party measurement partnerships to help advertisers understand the efficacy of their spend [15] Company Strategy and Development Direction - The company is focused on product development, enhancing community value, and helping advertisers achieve their goals amidst a challenging advertising environment [7] - Investments in machine learning and AI are expected to drive greater engagement and improve targeting for advertisers [9] - The company is evolving its sales strategy to focus on recession-resilient verticals such as healthcare and government [17][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging global economic backdrop and emphasized the importance of their platform for neighbors, businesses, and public agencies [19][20] - The company is adjusting its Q4 2022 revenue expectation to between $50 million and $52 million, indicating a cautious approach in light of current market conditions [28][30] - Management remains optimistic about long-term growth opportunities despite near-term revenue variability [20][30] Other Important Information - The company ended the quarter with $604 million in cash, cash equivalents, and marketable securities, indicating strong capital for future investments [27] - A share repurchase program was authorized, with over $77 million of Class A common stock repurchased [27][73] Q&A Session Summary Question: WAU growth and sequential changes - Management noted that WAU growth was driven by investments in machine learning and AI, improved notifications, and new features like native maps and Faves [34][35][36] Question: Drivers of session growth - Management highlighted that engaged segments are growing, with a 50% year-over-year increase in engagement, contributing to session growth [47][48] Question: Advertiser growth and macro backdrop - Management indicated that while there are headwinds in spend per advertiser, retention rates are strong, and they are focused on attracting new advertisers [68][69] Question: Stock-based compensation management - Management explained that stock-based compensation is influenced by team growth and seniority, with plans to manage headcount flat in the near term [71] Question: Oracle partnership and measurement - Management discussed the importance of third-party measurement partnerships for demonstrating ad performance, particularly for larger enterprises and mid-market advertisers [81][84]

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 September 30, 2022 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 Jur ...

Financial Data and Key Metrics Changes - Q2 revenue was $55 million, representing a 19% year-over-year increase [22] - Weekly Active Users (WAU) grew 26% year-over-year to approximately 37 million [22] - Global Average Revenue Per User (ARPU) declined 6% year-over-year to $1.48, but increased 6% quarter-over-quarter [27] - Adjusted EBITDA for Q2 was a loss of $20 million, reflecting a negative margin of 37% [27] - Cash and marketable securities at the end of the quarter totaled $666 million [28] Business Line Data and Key Metrics Changes - Advertiser demand remained strong in sectors like home services, despite some budget reductions due to macroeconomic conditions [8][22] - Performance-focused campaigns comprised over 60% of managed spend in Q2 [24] - Mid-market advertisers showed outsized growth on the platform [25] - Continued resilience in core verticals such as home services and recovery in travel, but softness noted in financial services and retail [26] Market Data and Key Metrics Changes - WAU growth outside the US exceeded 50% year-over-year for the second consecutive quarter [22] - Significant progress in international markets, with notable growth in the UK [11] Company Strategy and Development Direction - The company is shifting focus towards new neighbor growth while maintaining engagement with existing users [10][17] - Plans to enhance the ad platform for small and mid-sized businesses, providing broader access to ad formats and improved performance tracking [15][42] - Emphasis on community and utility as differentiators from other social media platforms [40] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased macroeconomic uncertainty and the potential for a recession [6] - The company remains committed to its long-term growth opportunities despite anticipated tightening in advertiser budgets [31] - Adjusted full-year 2022 revenue guidance is set between $220 million and $225 million, reflecting a year-over-year growth rate of 16% at the midpoint [29] Other Important Information - The company has authorized a share repurchase program and repurchased $10.5 million of Class A common stock in Q2 [28] - Management highlighted the importance of brand awareness and partnerships to drive user growth [59] Q&A Session Summary Question: Visibility into advertising spend for the upcoming quarters - Management indicated that visibility is based on current customer budgets and macroeconomic conditions, emphasizing the need for prudence in guidance [36] Question: Variability in revenue from moving SMB advertisers to the new ad serving platform - Management noted that the transition may introduce some revenue variability as features are added to the platform [44] Question: Strategy for growing WAUs moving forward - Management stated that while WAU growth was strong, there is a need to focus on top-of-funnel strategies, including partnerships and brand awareness initiatives [55][58]

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, 2022 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 ...

Nextdoor Holdings, Inc. (NYSE:KIND) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET Company Participants Matt Anderson - IR Sarah Friar - CEO Michael Doyle - CFO Conference Call Participants Mark Mahaney - Evercore Eric Sheridan - Goldman Sachs Chloe Currie - Morgan Stanley Operator Good afternoon. Thank you for attending today's Nextdoor First Quarter 2022 Financial Results. My name is Tamiya, and I will be your moderator for today's call. I would now like to pass the conference over to our host, ...

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, 2022 ☐ 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 Jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 Jurisdiction ...

Nextdoor Holdings, Inc. (NYSE:KIND) Q4 2021 Earnings Conference Call March 1, 2022 5:00 PM ET Company Participants Matt Anderson - Head of Investor Relations Sarah Friar - CEO Mike Doyle - CFO Conference Call Participants Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley Brian Fitzgerald - Wells Fargo Mark Mahaney - Evercore Operator Good afternoon. Thank you for attending today's Nextdoor Q4 2021 Earnings Call. My name is Tanya, and I will be your moderator for today's call. [Operator Instructions ...