NYSE$NXDR
Nextdoor Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Nextdoor's Q1 2023 performance reflected a mixed financial landscape with growth in weekly active users offset by a slight revenue decline.
Nextdoor's Q1 2023 showed a 2% year-over-year revenue decrease to $50 million. Weekly Active Users (WAU) grew by 16% year-over-year to 42.4 million. The company is focused on driving WAU and revenue growth through AI and platform improvements.
- Q1 revenue decreased by 2% year-over-year to $50 million, but showed positive momentum throughout the quarter.
- Weekly Active Users (WAU) reached 42.4 million, a 16% year-over-year increase and a 6% quarter-over-quarter increase, driven by AI innovations.
- Adjusted EBITDA loss was $22 million, exceeding expectations due to revenue outperformance and expense management.
- The company is focused on increasing new neighbor growth and improving advertiser efficacy to drive revenue growth and margin expansion.
Headline financials
Revenue & EPS history
Nextdoor · Revenue · Quarterly
$49.8M
Forward guidance
Nextdoor anticipates revenue between $53M and $54M and an adjusted EBITDA loss between $24M and $23M for Q2 2023.
Tailwinds
- Focus remains on growing the base of neighbors and organizations.
- Increasing engagement on the platform.
- Returning to strong revenue growth.
- Supporting the path to profitability.
- For the full year 2023, the company expects to return to revenue growth and adjusted EBITDA margin improvement.
Headwinds
- Stock-based compensation expense is impacted by the future fair market value of common stock and other factors.
- These factors are difficult to predict.
- These factors are subject to frequent change.
- These factors are not within the company's control.
- The actual amount of these expenses during 2023 will have a significant impact on future GAAP financial results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2023
-3.6%
Avg return
Earnings day
-2.2%
Avg return
5 days after
-2.1%
Avg return
30 days after
43%
9 / 21 earnings
Positive
+17.6%
Q1 2023
Best reaction
-30.2%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | +15.7% | +24.1% | |
| Q4 2025 | +4.9% | +1.8% | -13.3% | |
| Q3 2025 | -1.8% | +0.0% | +13.4% | |
| Q1 2025 | -7.4% | -7.9% | +7.3% | |
| Q4 2024 | -28.9% | -28.9% | -37.3% | |
| Q3 2024 | +13.6% | +2.4% | +7.2% | |
| Q2 2024 | +6.3% | -6.2% | -11.7% | |
| Q1 2024 | +11.8% | +2.3% | +7.3% | |
| Q4 2023 | +2.5% | +21.5% | +23.3% | |
| Q3 2023 | -13.7% | -18.9% | -6.9% | |
| Q2 2023 | -17.2% | -19.5% | -32.3% | |
| Q1 2023 | +17.6% | +11.2% | +42.4% | |
| Q4 2022 | -8.5% | -5.7% | -2.8% | |
| Q3 2022 | -13.1% | +11.4% | -14.8% | |
| Q2 2022 | -30.2% | -21.2% | -19.1% | |
| Q1 2022 | -12.0% | -1.5% | +1.8% | |
| Q4 2020 | +13.1% | +17.2% | +5.9% | |
| Q4 2021 | -2.9% | -14.0% | -4.5% | |
| Q3 2021 | -9.9% | -1.0% | -29.3% | |
| Q2 2021 | +1.6% | — | — | |
| Q1 2021 | +0.4% | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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