Financial Data and Key Metrics Changes - Revenue for Q3 2025 reached $69 million, representing a 5% year-over-year growth, marking the highest quarterly revenue ever for the company [4] - Q3 adjusted EBITDA was $4 million, reflecting a positive 6% margin and an 8-point year-over-year improvement [6] - GAAP net loss for Q3 was $13 million, with revenue per employee increasing by 21% year-to-date [6] Business Line Data and Key Metrics Changes - Self-serve revenue grew by 33% year-over-year, accounting for approximately 60% of total revenue [5] - The active customer base and associated net new advertiser spend also increased, indicating strong demand for the self-serve advertising platform [5] Market Data and Key Metrics Changes - Platform WOW (users engaging directly on the app or website) was 21.6 million, showing a modest sequential decline due to a strategic reduction in notifications and email volumes [5] - The company expects Q4 revenue to be between $67 million and $68 million, with adjusted EBITDA projected between $3.5 million and $4.5 million [6][7] Company Strategy and Development Direction - The company is focused on building a stronger neighborhood ecosystem by enhancing user-generated content and local information [9][10] - Plans to reinvent the recommendations ecosystem to turn authentic word-of-mouth into actionable insights for users and local businesses [10] - The company aims to avoid increasing ad load and will intentionally reduce new user acquisition efforts in Q4 to prioritize user experience [7][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the transformation of the platform, emphasizing the importance of increasing high-quality content to drive engagement [17] - The company remains committed to achieving full-year adjusted EBITDA break-even in 2026, despite a projected adjusted EBITDA loss of approximately $3 million for 2025 [6][7] - Management highlighted the importance of making necessary trade-offs for long-term sustainable growth [33] Other Important Information - The company announced the hiring of Indrajit Panambalan as the new Chief Financial Officer, effective December 1, 2025 [11] - The company has completed its programmatic supply integrations, enabling deeper collaboration with advertisers [4][25] Q&A Session Summary Question: Insights on customer engagement and depth of engagement metric - Management noted that the new Nextdoor platform has seen news content approaching 10% of the feed, with a focus on increasing high-quality content to drive deeper engagement [16][17] Question: User acquisition strategies evolving into 2026 - Management indicated a focus on improving the first-time user experience and a less aggressive approach to new user acquisition in the short term [18][19] Question: Source of additional content - Management confirmed that they are looking to increase user-generated content while also integrating more third-party publisher content [23] Question: Update on programmatic capabilities - Management stated that they have completed the supply-side platform integration and are currently testing with demand-side platforms, including a deal with Yahoo [25][26] Question: Engagement from alerts and notifications - Management reported that reducing notifications has led to more effective alerts, which are helping to re-engage users who may not have visited the platform recently [30][31]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 reached $69 million, representing a 5% year-over-year growth, marking the highest quarterly revenue ever for the company [4] - Q3 GAAP net loss was $13 million, while Adjusted EBITDA was $4 million, reflecting a positive 6% margin and an 8-point year-over-year improvement [6] - Revenue per employee increased by 21% year-to-date, with cash, cash equivalents, and marketable securities totaling $403 million and zero debt at quarter end [6] Business Line Data and Key Metrics Changes - Self-serve revenue grew by 33% year-over-year, accounting for approximately 60% of total revenue, driven by strong demand from advertisers [5] - The active customer base and associated net new advertiser spend also saw growth, indicating effective ad stack investments [5] Market Data and Key Metrics Changes - Platform WOW (users engaging directly on the app or website) was 21.6 million, showing a modest sequential decline due to a strategic reduction in notification and email volumes [5] - The company plans to maintain its current ad load and intentionally reduce new user acquisition efforts in Q4 to enhance user experience [7] Company Strategy and Development Direction - The company is focused on building a stronger neighborhood ecosystem by increasing high-quality content and enhancing user engagement [9][10] - Plans to reinvent the recommendations ecosystem to turn authentic word-of-mouth into actionable insights for users and local businesses [10] - The strategy emphasizes long-term sustainable growth over short-term metrics, with a commitment to product quality and user experience [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the transformation of the platform, highlighting the importance of user-generated content and local information [8][9] - The company expects Q4 revenue between $67 million and $68 million, with an Adjusted EBITDA range of $3.5 million to $4.5 million, indicating a focus on maintaining operational efficiency [6][7] - Full-year 2025 revenue growth is projected at 3%-4%, with expectations for Adjusted EBITDA break-even in 2026 [7] Other Important Information - A new Chief Financial Officer, Indrajit Ponnambalam, will join the company effective December 1, 2025, bringing extensive experience in finance and operations [11] Q&A Session Summary Question: Insights on customer engagement and depth of engagement metrics - Management noted that the new Nextdoor platform has seen news content approaching 10% of the feed, with a focus on increasing high-quality content to drive deeper engagement [16][17] Question: User acquisition strategies evolving into 2026 - The company plans to enhance the first-time user experience and will not aggressively pursue new user acquisition in the short term [18][19] Question: Sources of additional content - Management indicated a focus on increasing user-generated content while also integrating more third-party alerts, with 4,000 publishers currently providing news content [23] Question: Update on programmatic capabilities - The company has completed supply-side platform integration and is testing with demand-side platforms, including a deal with Yahoo for programmatic advertising [25][26] Question: Engagement from alerts and notifications - Management confirmed that reducing notifications has led to more effective alerts, which are helping to re-engage lapsed users [30][31]

Financial Data and Key Metrics Changes - Q3 revenue reached $69 million, a 5% year-over-year increase, marking the highest quarterly revenue ever for the company [4] - Q3 adjusted EBITDA was $4 million, representing a positive 6% margin and an 8-point year-over-year improvement [6] - Q3 GAAP net loss was $13 million, with expectations for a full-year adjusted EBITDA loss of approximately $3 million [6][7] - The company had $403 million in cash, cash equivalents, and marketable securities, with zero debt at quarter end [6] Business Line Data and Key Metrics Changes - Self-serve revenue grew 33% year-over-year, accounting for roughly 60% of total revenue [5] - The active customer base and associated net new advertiser spend increased, indicating strong demand for the self-serve ads platform [5] Market Data and Key Metrics Changes - Platform WOW (users engaging directly on the app or website) was 21.6 million, showing a modest sequential decline due to reduced notification and email volumes [5] - The company plans to maintain its current ad load and reduce new user acquisition efforts in Q4 to focus on user experience [7] Company Strategy and Development Direction - The company is focused on building a stronger neighborhood ecosystem by increasing high-quality content and enhancing user engagement [9][10] - Plans to reinvent the recommendations ecosystem to turn authentic word-of-mouth into actionable insights for users and local businesses [10] - The company aims for full-year adjusted EBITDA break-even in 2026, emphasizing long-term value creation over short-term metrics [7][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the transformation of the platform, highlighting the importance of user-generated content and local information [8][9] - The company acknowledged past challenges with content relevance and is committed to improving user experience and engagement [30] Other Important Information - A new Chief Financial Officer, Indrajit Panambalan, will join the company effective December 1, 2025, bringing extensive experience in finance and operations [11] Q&A Session Summary Question: Insights on customer engagement and depth of engagement metrics - Management noted that increasing high-quality content leads to deeper engagement, with news content now approaching 10% of the feed [15][16] Question: User acquisition strategies evolving into 2026 - The company plans to enhance the first-time user experience and will not aggressively pursue new user acquisition in the short term [18][19] Question: Sources of additional content - Management indicated a focus on increasing user-generated content while also integrating more third-party publisher content [22][23] Question: Update on programmatic capabilities - The company completed supply-side platform integration and is currently testing with demand-side platforms, including a deal with Yahoo [24][25] Question: Engagement from alerts and notifications - Management confirmed that reducing notifications has led to more effective alerts, which are helping to re-engage lapsed users [29][30]

Nextdoor Investor Update Disclaimer Certain statements in this Investor Update may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "project," "target," "plan," or "potentially" or the negatives of these terms or variations of the ...

Core Viewpoint - Nextdoor Holdings, Inc. is set to report its third quarter 2025 financial results on November 5, 2025, and will host a video webcast and conference call to discuss these results and future outlook [1]. Group 1: Financial Reporting - The financial results will be announced after the close of U.S. markets on November 5, 2025 [1]. - A video webcast and conference call will take place at 2:00 p.m. PT/5:00 p.m. ET to discuss the results [1]. Group 2: Investor Relations - A live webcast will be accessible in the Events & Presentations section of the Nextdoor Investor Relations website [2]. - An audio recording of the webcast will be available on the same website for approximately one year [2]. Group 3: Communication Channels - Nextdoor utilizes its Investor Relations website, X handle, LinkedIn page, and posts from its CEO as channels for disseminating news and announcements regarding its business and financial performance [3]. - These platforms are also used to disclose material nonpublic information and comply with disclosure obligations under Regulation FD [3]. Group 4: Company Overview - Nextdoor is a neighborhood network with over 100 million verified users, providing local news, safety alerts, recommendations, listings, and community events [4]. - The platform connects neighbors and allows businesses, news publishers, and public agencies to engage with local communities [4].