NYSE$NXDR
Nextdoor Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Q4 finished with renewed strength, driven by WAU growth, stronger impression growth, higher average spend by small and mid-sized advertisers, a return to growth in home services, and lower marketing and personnel costs.
Nextdoor's Q4 2023 saw revenue increase by 4% year-over-year to $56 million. Weekly Active Users (WAU) grew 5% year-over-year to 41.8 million. The company's cost reduction plan contributed to adjusted EBITDA margin improvement. The company ended the year with $531M in cash and cash equivalents and marketable securities.
- Q4 revenue increased 4% year-over-year to $56M.
- Q4 Weekly Active Users (WAU) grew 5% year-over-year and 3% quarter-over-quarter to 41.8 million.
- Q4 ARPU of $1.33 was stable year-over-year.
- Self-serve revenue now exceeds 40% of total revenue.
Headline financials
Revenue & EPS history
Nextdoor · Revenue · Quarterly
$55.6M
Forward guidance
Nextdoor provided financial guidance for Q1 2024 and FY 2024, expecting revenue growth and adjusted EBITDA margin improvement. The company expects Q1 2024 revenue in a range between $50 million–$51 million and Q1 2024 adjusted EBITDA loss will be approximately ($20) million.
Tailwinds
- We expect Q1 WAU to increase quarter-over quarter, driven by continued strong organic Verified Neighbor growth.
- We expect further increases in session depth will yield strong growth in ad impression opportunities, positively impacting our full-year revenue growth rate.
- Our expected 2024 year-over-year Adjusted EBITDA margin improvement will be driven largely by savings related to the cost reduction plan implemented in Q4 2023.
- Our board has authorized a $150M increase to our share repurchase program, and we intend to repurchase shares at what we believe is currently an attractive valuation level.
- we expect to limit dilution in 2024 and beyond.
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 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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