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We found out recently that our Early Talent Team at Nextdoor was recognized with a RippleMatch Award for excellence in early hiring and programming! In a landscape that's continually evolving, our team has been at the forefront of innovative recruitment strategies, championing diversity and inclusion, and crafting impactful entry-level programs and internships. Their unwavering dedication has helped us connect the next generation of talent with meaningful opportunities, building a stronger community and a brighter future. #CFA2025
This month, we published financial results for the third quarter of 2024 and announced Georg Petschnigg as Chief Design Officer. Georg brings additional design leadership and deep experience in product creation, accelerating Nextdoor’s plans to transform the platform. In Q3 we made significant progress, improving metrics and margins: Q3 revenue of $66M grew +17% year-over-year, reflecting increasing self-serve revenue retention, a return to growth for enterprise advertisers, and improved monetization of search activity. Q3 Weekly Active Users (WAU) of 45.9 million grew +13% year-over-year, reflecting sustained organic user acquisition, progress re-engaging existing users, and varied and personalized content. Q3 margins improved 33 percentage points year-over-year, derived from strong margin flow-through from increased revenue, further leverage in sales and marketing, and a 60% year-over-year improvement in employee productivity. Advertisers on the Nextdoor Ads Platform continue to see better results, which has improved retention and increased total spending. We are executing with precision and purpose, better allocating resources toward growth, and have raised our FY 2024 outlook. Nextdoor remains an essential place to gather information and connect, particularly during significant events affecting local communities. Learn more at investors.nextdoor.com. $KIND
This week we announced financial results for Q4 2023. With 88M+ neighbors on Nextdoor, we ended the year with renewed strength and positive momentum. Fourth quarter Weekly Active Users (WAU) grew 5% year-over-year and 3% sequentially, and organic Verified Neighbor growth set a record for the second consecutive quarter. We delivered full year 2023 revenue growth and Adjusted EBITDA margin improvement, and enter 2024 with a streamlined cost structure, a cash position of $531 million on our balance sheet, user growth momentum, and progress against our ad platform milestones. Our recently announced $150 million increase to our existing share repurchase program is further demonstration of our long-term confidence. Advertisers of all sizes continue to find increasing value on Nextdoor, demonstrated by high retention levels (90% of our top 50 customers from ‘22 in ‘23). We also achieved our stated goal of having 100% of ads from SMB advertisers served via the Nextdoor Ad Server by year-end, and are on track to continue that migration for mid-market and enterprise advertisers in 2024. In 2023, Nextdoor brought generative AI to the neighborhood for the first time, and we continue to leverage AI and machine learning across our platform, deploying these tools to grow our unique local knowledge graph. Neighbors, businesses of all sizes, and public agencies in more than 330,000 neighborhoods across 11 countries turn to Nextdoor to connect to the neighborhoods that matter to them.
Nextdoor AMP (Amplifying Multicultural Perspectives) has arrived. We created Nextdoor AMP to deepen connections within Black and Brown communities, selecting members who bring diverse experiences and a track record of hands-on community involvement. Members will engage in meaningful discussions and provide crucial insights, as well as gain access to exclusive events and development programs, amplification of their work, and expansion of their network. If you are a member of an underestimated community, we encourage you to learn more and apply here: https://lnkd.in/g7Ssba29
No tricks, just treats 🎃🍫🍭 Add your home to Nextdoor’s Treat Map to let your neighbors know what kind of candy you’ll be handing out this Halloween and show off your boo-tiful decor. Simply go to “Discover” > “Add a pin” Get started here: www.nextdoor.com/halloween
Two weeks ago we announced financial results for the second quarter of 2023. Q2 was another strong quarter for Nextdoor, as we delivered year-over-year growth across our key metrics of weekly active users (WAU) and revenue, and adjusted EBITDA margin improvement. We continued to successfully execute on our 2023 product initiatives, and today there are now over 80 million Verified Neighbors on Nextdoor who come to the platform for utility and community that together create durable value. Neighbors continue to be highly-engaged on Nextdoor: WAU grew 13% year-over-year to 41.6 million, driven by growth in both the U.S. and international neighbor base. We also saw strength in underlying engagement trends, including posting activity and session depth, the latter of which has increased 24% since the start of the year. AI, especially ML, continued to play a critical role across our product initiatives to drive engagement in Q2, and we remain confident that we are in an excellent position to explore the possibilities for AI and generative AI applications on Nextdoor because of our unique Local Knowledge Graph. Neighbors, businesses of all sizes, and public agencies in more than 310,000 neighborhoods across 11 countries turn to Nextdoor to connect to the neighborhoods that matter to them. Learn more at investors.nextdoor.com. $KIND
We are thrilled to announce the recipients of our esteemed Nextdoor Values Awards for Q2. These awards not only shape our collaborative efforts as a team but also reflect the meaningful impact we make in communities worldwide. Congratulations to the well-deserved winners: Flora Hsu, Steffany Lee, Bobby Wagner, Leigh Shapiro, Emily Buschini, and Shane Butler! We're so proud of their accomplishments, and we look forward to celebrating more exceptional employees in the months ahead. To learn more about the award recipients, click the link below!
Earlier this week we announced financial results for the first quarter of 2023. We had a strong start to the year, and our investments in AI, and particularly ML, have generated impressive returns, particularly in deepening engagement. There are now over 80 million Verified Neighbors on Nextdoor who remain highly engaged on the platform, coming for both utility and community and who understand the inherent power of local. Q1 WAU grew to 42.4 million, representing 16% year-over-year and 6% quarter-over-quarter growth. Q1 sequential growth was primarily driven by over 2 million new WAU in the U.S. AI, including ML, were the leading drivers of WAU growth, and we’re excited to explore the possibilities for generative AI applications on our platform, built on the foundation of our unique local knowledge graph and content that is already often labeled by the 80M+ verified neighbors using Nextdoor. Our just launched AI Assistant is helping neighbors create more engaging posts, and be more constructive in their comments when appropriate. Read more about it here: https://nxdr.co/3Mcc93f
We are proud to share our Engineering and People (HR) teams have ranked as as top departments in Comparably's Q1 employer awards. Check out the official lists below: 🏆 Comparably's 2023 Best Engineering Teams: https://nxdr.co/3zip4Jx 🏆 Comparably's 2023 Best HR Teams: https://nxdr.co/42RjVpz Interesting in joining #TeamNextdoor? Check out opportunities here: https://nxdr.co/careers
To kick off #WomensHistoryMonth, Sarah Friar, Nextdoor's CEO, and Arushi S., Lead of WIN, Nextdoor's women and gender minority ERG, co-moderated a Nextdoor Speaker Series event with Arianna Huffington, Founder and CEO of Thrive Global, on prioritizing #wellbeing and elevating women in the workplace. During the session, Arianna touched on the importance of work-life integration and how wellness is deeply interconnected with work performance. Check out a snippet from the conversation below.
