Welcome to our dedicated page for Nextdoor Holdings news (Ticker: KIND), a resource for investors and traders seeking the latest updates and insights on Nextdoor Holdings stock.
Nextdoor Holdings, Inc. (symbol: KIND) is a pioneering social networking service aimed at connecting neighbors and fostering community engagement. Established with the mission to cultivate a kinder world where everyone has a neighborhood they can rely on, Nextdoor has become a vital part of daily life in over 280,000 neighborhoods across 11 countries.
Founded in San Francisco, Nextdoor allows neighbors to exchange trusted information, seek and provide assistance, accomplish tasks, and build real-world connections with nearby residents, local businesses, and public services. Nearly one in three households in the United States uses Nextdoor, underscoring its significance as a community-centric platform.
Nextdoor's core business revolves around providing a safe and trustworthy environment where users can engage in meaningful interactions. The platform is designed to help neighbors stay informed about local happenings, find recommendations for services, buy and sell items, and organize community events. Nextdoor also collaborates with local businesses to create opportunities for growth and customer engagement.
Recent achievements include the expansion of Nextdoor's reach into new neighborhoods and the introduction of enhanced features to improve user experience. The company is currently focused on expanding its user base and increasing platform engagement through strategic partnerships and innovative projects.
Financially, Nextdoor is committed to sustainable growth and has seen consistent user engagement and platform activity. The company's revenue model includes advertising and premium services that provide value to both businesses and users.
Overall, Nextdoor Holdings, Inc. stands out as a unique social networking platform that not only connects people but also fosters a sense of belonging and community support. Its dedication to creating a kinder world through neighborhood connections makes it a significant player in the social networking space.
Nextdoor (NYSE: KIND), the neighborhood network platform, has announced its participation in three upcoming investor conferences. The company will attend the Raymond James Sonoma Small Cap Summit in Sonoma (November 18), the 13th Annual ROTH Technology Conference in New York City (November 20), and the UBS Global Technology Conference in Scottsdale (December 3rd, 2024). Management will conduct one-on-one investor meetings at all three events.
The company utilizes its Investor Relations website, X handle, and LinkedIn page for disseminating news, financial performance updates, and material nonpublic information in compliance with Regulation FD.
Nextdoor Holdings (NYSE: KIND) has appointed Georg Petschnigg as Chief Design Officer to spearhead the company's complete product transformation initiative called NEXT. Petschnigg, who recently led The New York Times' successful app redesign, brings extensive experience in UX transformation and innovations in advertising and subscriptions. His previous roles include Chief Innovation Officer at WeTransfer, co-founder of FiftyThree, and product development at Microsoft. The appointment emphasizes Nextdoor's commitment to enhancing value for neighbors, businesses, partners, advertisers, and investors through improved design strategy and execution.
Nextdoor (NYSE: KIND) reported Q3 2024 results with revenue of $66 million, up 17% year-over-year, and Weekly Active Users (WAU) reaching 45.9 million, a 13% increase. The company reduced its net loss to $15 million from $38 million in the previous year, while Adjusted EBITDA loss improved to $1 million from $20 million. The company maintains a strong cash position of $425 million and has raised its full-year 2024 financial outlook, citing improved growth and operational efficiency through its Nextdoor Ads Platform.
Nextdoor Holdings, Inc. (NYSE: KIND), the essential neighborhood network, has announced it will release its third quarter 2024 financial results after U.S. markets close on Wednesday, November 6, 2024. The company will host a conference call at 2:00 p.m. PT/5:00 p.m. ET to discuss the results and outlook.
A live webcast will be available in the Events & Presentations section of Nextdoor's Investor Relations website, with an audio recording accessible for approximately one year. Nextdoor utilizes its Investor Relations website, X handle, and LinkedIn Home Page to disseminate news, announcements, and financial performance updates, as well as to disclose material nonpublic information and comply with Regulation FD.
Nextdoor (NYSE: KIND) has launched its annual Treat Map for the 12th consecutive year, offering an interactive guide to local Halloween festivities. Through October 31st, users can add themed pins to the map, indicating plans to decorate or distribute candy. The map helps families plan efficient trick-or-treating routes, especially useful with Halloween falling on a school night this year.
A September 2024 survey of Nextdoor users revealed:
- Average planned spending of $277 on Halloween supplies, including $76 for candy
- Most expect to start trick-or-treating between 6-7 pm
- On average, neighbors believe 14 is the age to stop trick-or-treating
- 85% will ensure adult supervision for trick-or-treating children
- 63% will establish a route for safe trick-or-treating
The Treat Map is available on the Nextdoor app and at nextdoor.com/treat_map.
Nextdoor (NYSE: KIND) has unveiled the winners of its 8th annual Neighborhood Faves awards, recognizing the most beloved local businesses across the United States. The awards, determined by neighbor recommendations over a year, highlight essential community members that provide outstanding services, products, and experiences.
Winners receive a Neighborhood Faves badge for their Nextdoor Business Page and a window sticker, which can significantly boost their visibility. These businesses typically get 6 times more recommendations on their Business Pages. The importance of local recommendations is underscored by a May 2023 Nextdoor survey, where 94% of neighbors valued recommendations from their Nextdoor community.
As the holiday shopping season approaches, Neighborhood Faves winners are well-positioned to benefit from local support. Last holiday season, nearly 50% of Nextdoor users considered purchases based on recommendations seen on the platform, and over two-thirds prioritize shopping at local stores during the holidays.
Nextdoor (NYSE: KIND), the essential neighborhood network, has announced its participation in two upcoming investor conferences in September 2024. CEO Nirav Tolia and CFO Matt Anderson will represent the company at both events:
1. Citi's 2024 Global TMT Conference in New York City on September 5, with a 40-minute fireside chat starting at 11:10 a.m. PT.
2. Goldman Sachs Communacopia + Technology Conference in San Francisco on September 12, featuring a 35-minute fireside chat beginning at 9:30 a.m. PT.
Live webcasts and recordings of both events will be available on Nextdoor's Investor Relations website. The company also utilizes its Investor Relations website, X handle, and LinkedIn Home Page for disseminating news, financial performance updates, and material nonpublic information.
Nextdoor Holdings (NYSE: KIND) reported its Q2 2024 results. The company achieved revenue of $63 million, marking an 11% growth year-over-year. Total Weekly Active Users (WAU) increased by 8% to 45.1 million. However, the company also reported a GAAP net loss of $43 million compared to $35 million in the prior year. On a positive note, Adjusted EBITDA loss improved to $6 million from $19 million in Q2 2023. The company ended Q2 with $457 million in cash, cash equivalents, and marketable securities. CEO Nirav Tolia highlighted margin improvements and raised the company's financial outlook for the full year 2024.
Nextdoor (NYSE: KIND) has announced the return of co-founder Sarah Leary and former senior leader Kelsey Grady to its leadership team. Sarah will serve as Head of Marketing, Community, and Global Business Operations, while Kelsey takes on the role of Head of Global Communications. These appointments follow the recent return of co-founder Nirav Tolia as CEO.
Sarah, who co-founded Nextdoor in 2011, brings extensive experience from senior roles at eBay and Epinions. Kelsey, who previously served as Nextdoor's Head of Communications from 2011 to 2017, returns with over two decades of communications experience. Both leaders express excitement about rejoining Nextdoor to further its mission of building the essential neighborhood network, which now connects over 90M neighbors in 335,000 neighborhoods across 11 countries.
Nextdoor Holdings (NYSE: KIND), the leading neighborhood network, is set to release its second quarter 2024 financial results on August 7, 2024, after U.S. markets close. A conference call will follow at 2:00 p.m. PT/5:00 p.m. ET to discuss the results and future outlook. Investors can access a live webcast and an audio recording on Nextdoor's Investor Relations website. The company also uses its online platforms such as its X handle and LinkedIn page for important updates and compliance with disclosure regulations.
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