Nextdoor beats Q3 revenue expectations

Nextdoor Holdings

05/11/2025 21:55

Overview

Nextdoor Q3 revenue grows 5% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 beats analyst estimates, reflecting improved financial discipline

Company reiterates path to adjusted EBITDA breakeven in FY 2026

Outlook

Nextdoor reiterates path to full-year adjusted EBITDA breakeven in FY 2026

Result Drivers

SELF-SERVE ADVERTISING - Self-serve ads drove nearly 60% of Q3 revenue, benefiting from improvements in Nextdoor Ads Platform

PLATFORM OPTIMIZATION - Nextdoor is testing and optimizing its platform for stronger engagement and monetization

HIGHEST-EVER REVENUE - Despite a decline in weekly active users, Nextdoor achieved its highest-ever quarterly revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$68.90 mln
$66.51 mln (5 Analysts)
Q3 Net Income
-$12.86 mln
Q3 Adjusted EBITDA
Beat
$4.39 mln
-$4.81 mln (5 Analysts)
Q3 Income from Operations
-$17.23 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Nextdoor Holdings Inc is $2.40, about 24.6% above its November 4 closing price of $1.81

Press Release: ID:nBw1hnm44a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)