Nextdoor Q1 revenue beats estimates on record user engagement

Nextdoor Holdings

06/05/2026 21:34

Overview

U.S. neighborhood network's Q1 revenue rose 14% yr/yr, beating analyst expectations

Q1 adjusted EBITDA loss narrowed and beat analyst expectations

Company authorized $100 mln share repurchase program through June 2028

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

REVENUE ACCELERATION - Co said 14% yr/yr revenue growth in Q1 was a significant acceleration from Q4 2025 levels

USER ENGAGEMENT - Platform WAU reached an all-time high, up 1% yr/yr and 6% qtr/qtr

PROFITABILITY IMPROVEMENT - Adjusted EBITDA loss narrowed by $9 mln yr/yr to nearly breakeven, reflecting improved margins

Company press release: ID:nBw3Sg9S8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$61.67 mln
$58.17 mln (5 Analysts)
Q1 Net Income
-$11.42 mln
Q1 Adjusted EBITDA
Beat
-$198,000
-$4.73 mln (5 Analysts)
Q1 Income from Operations
-$15.33 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 no "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 $2.15, about 29.5% above its May 5 closing price of $1.66

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)