NYSE$NXDR
Nextdoor Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Revenue declined due to reduced advertising spend, while weekly active users grew.
Nextdoor's Q4 2022 revenue decreased by 10% year-over-year to $53 million, impacted by reduced advertising spend in key verticals. However, weekly active users (WAU) grew by 11% year-over-year to 40 million. The company focused on operational efficiency and product development to drive engagement and future revenue growth.
- Q4 revenue decreased 10% year-over-year to $53M, impacted by reduced advertising spend from financial services, home services, and real estate verticals.
- Weekly Active Users (WAU) grew 11% year-over-year to 40 million, driven by growth in U.S. neighbor engagement.
- ARPU declined 19% year-over-year to $1.33 due to WAU growth in less-monetized international markets and lower average spend per customer.
- Operating expenses were held constant year-over-year through headcount management and selective hiring in critical areas.
Headline financials
Revenue & EPS history
Nextdoor · Revenue · Quarterly
$53.3M
Forward guidance
In 2023, Nextdoor is focused on growing its user base and engagement, with the goal of returning to strong revenue growth and profitability.
Tailwinds
- Focus on growing base of neighbors and organizations.
- Increasing engagement on the platform.
- Returning to strong revenue growth.
- Supporting path to profitability.
- Expect to return to revenue growth and adjusted EBITDA margin improvement for the full year 2023.
Headwinds
- Revenue is expected to be $46M–$47M for Q1 2023.
- Adjusted EBITDA loss is expected to be $27M–$26M for Q1 2023.
- Stock-based compensation expense is impacted by the future fair market value of our common stock and other factors, all of which are difficult to predict, subject to frequent change, or not within our control.
- The actual amount of these expenses during 2023 will have a significant impact on our future GAAP financial results.
- A reconciliation of adjusted EBITDA outlook to net loss is not available without unreasonable efforts.
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 Q4 2022
-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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro