Nextdoor Q2 revenue beats estimates as user engagement hits record

Nextdoor Holdings

04/08/2026 21:29

Overview
U.S. neighborhood social network's Q2 revenue rose 15% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations, marking a swing to profit from prior-year loss
Company attributed results to broad-based channel wins and record user engagement

Outlook
Nextdoor sees Q3 revenue between $76 mln and $78 mln
Company expects Q3 Adjusted EBITDA of $6.5 mln to $8 mln
Nextdoor raises full-year 2026 outlook, now sees revenue growth in low teens percent

Result Drivers
USER ENGAGEMENT - Co said record platform weekly active users and deeper engagement contributed to Q2 results
BROAD-BASED REVENUE GAINS - Co attributed revenue growth to broad-based wins across channels
EXPENSE MANAGEMENT - Co said disciplined expense management contributed to improved margins and operating leverage

Company press release: ID:nBw7pC8PNa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$74.55 mln
$72.24 mln (5 Analysts)
Q2 Net Loss
 
$2.12 mln
 
Q2 Adjusted EBITDA
Beat
$9.54 mln
$4.31 mln (5 Analysts)
Q2 Income from Operations
 
-$5.67 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 $2.28, about 0.2% above its August 3 closing price of $2.27

Reuters Recommended Reads
Aug 4 - Spotify forecasts weak profit as user growth slows in North America, Europe
Aug 3 - Perplexity AI loses bid to toss Reddit lawsuit over data scraping
Aug 4 - Israel's Wix Q2 revenue tops estimates on Base44 performance

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.)