Nextdoor Holdings, Inc. - KIND STOCK NEWS

Nextdoor Holdings (NYSE: KIND) reported a 4Q 2022 revenue of $53.3M, down from $59.3M in 2021, while it experienced an 11% year-over-year increase in Weekly Active Users (WAU), totaling 40 million. The company reported a net loss of $33.4M compared to $29.3M a year prior, with an adjusted EBITDA loss of $17.1M. For the full year, revenue rose 11% to $212.8M, but the net loss widened to $137.9M from $95.3M. Nextdoor holds over $580M in cash and investments, positioning it to pursue growth in 2023.

The Nextdoor Kind Foundation has awarded $100,000 in microgrants to 20 small business owners of color from its Keep It Local Business Fund. This initiative aims to strengthen local communities through financial support and resources for entrepreneurs. The fund, developed in partnership with the NAACP and Hello Alice, received over 7,000 applications reflecting diverse industries. Along with the grants, recipients will gain access to training and tools on the Nextdoor platform. This program highlights the Foundation's commitment to fostering economic opportunities for underrepresented entrepreneurs and aiding community development.

Nextdoor (NYSE: KIND) reported significant achievements in its second annual Transparency Report released on February 23, 2023. Key highlights include a 35% reduction in harmful content, lowering it to 0.2% of all content on the platform. Nextdoor's community moderation model has effectively engaged 75 million verified users and 3.6 million businesses across 11 countries. Notably, volunteer moderators handled 92% of reported content with a median removal time of 5.1 hours. The report underscores Nextdoor's commitment to fostering neighborhood connections and enhancing civic engagement, particularly during the U.S. midterms, yielding 3x engagement for partnered voter initiatives.

Nextdoor Holdings, Inc. (NYSE: KIND) announced that CEO Sarah Friar and CFO Mike Doyle will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 2:40 p.m. PT. The event will be accessible via a webcast through the Investor Relations section of Nextdoor’s website. A recording will also be available for one year post-event. Nextdoor serves over 300,000 neighborhoods across 11 countries, with one in three U.S. households using the platform. The company aims to foster connections and kindness within communities.

Nextdoor Holdings, Inc. (NYSE: KIND) announced that Chief Financial Officer Mike Doyle will participate in the Truist 2023 Technology, Internet & Services Conference on March 7, 2023. For details about the event, including registration, interested parties can contact the company directly.

Nextdoor operates in over 300,000 neighborhoods across 11 countries, with 1 in 3 U.S. households using its services. The company focuses on fostering community connections and reliable information exchanges among neighbors.

Further information can be accessed via its Investor Relations website.

Nextdoor Holdings, Inc. (NYSE: KIND) will release its financial results for fourth quarter and full year 2022 on February 28, 2023, post-market. A conference call will be held at 2:00 p.m. PT/5:00 p.m. ET to discuss these results and future outlook. A live webcast will be available on their Investor Relations website, which will also host an audio recording for one year. Currently, Nextdoor connects communities in over 300,000 neighborhoods across 11 countries, with 1 in 3 U.S. households using its services, emphasizing its mission to foster kindness and community engagement.