Core Viewpoint - Nextdoor Holdings, Inc. will report its fourth quarter and full-year 2025 financial results on February 18, 2026, after the U.S. markets close [1] Group 1: Financial Reporting - The financial results will be discussed in a webcast and conference call scheduled for 2:00 p.m. PT / 5:00 p.m. ET [2] - Investors are invited to submit questions for the live Q&A session until February 17, 2026, at 5:00 p.m. PT [3] Group 2: Investor Relations - Nextdoor utilizes its Investor Relations website and social media platforms to disseminate news, announcements, and financial performance updates [4] - The company engages with over 100 million verified neighbors, providing local news, safety alerts, and community recommendations [5]

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]

Q3 2025 Performance - Nextdoor's Platform Weekly Active Users (WAU) reached 216 million, a modest 1% sequential decline due to reduced notifications aimed at improving usage quality[8] - Revenue for Q3 2025 was $69 million, representing a 5% year-over-year increase, driven by strong demand from self-serve advertisers[8, 11] - The self-serve channel experienced significant growth, with a 33% year-over-year increase, accounting for nearly 60% of the total Q3 revenue[8, 11] - Nextdoor reported a net loss of $13 million in Q3 2025, but the net loss margin improved by 4 percentage points year-over-year to (19%)[8, 20, 21] - Adjusted EBITDA for Q3 2025 was $4 million, resulting in a 6% margin, an 8 percentage point improvement year-over-year[8, 24] Productivity and Financial Outlook - Revenue per Full-Time Equivalent (FTE) has improved by 21% year-to-date, indicating increased productivity[27] - Nextdoor has a strong balance sheet with $403 million in cash, cash equivalents, and marketable securities at the end of Q3[27] - The revenue outlook for Q4 2025 is projected to be between $67 million and $68 million, representing a 3-4% year-over-year increase[28] - Adjusted EBITDA for Q4 2025 is expected to be between $35 million and $45 million, with an adjusted EBITDA margin of 5-7%, a potential increase of 0-2 percentage points year-over-year[28] - Nextdoor anticipates achieving full-year adjusted EBITDA breakeven in 2026[29]

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].