NYSE$NXDR
Nextdoor Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Nextdoor reported a strong Q4 2024 with increased revenue, positive adjusted EBITDA, and meaningful operating cash flow, driven by user growth and product improvements.
Nextdoor concluded 2024 with a strong Q4, seeing revenue increase by 17% year-over-year to $65 million. The company achieved positive adjusted EBITDA of $3 million and generated $11 million in operating cash flow. Weekly Active Users (WAU) grew 10% year-over-year to 45.9 million, and the company maintained a disciplined balance between strategic investments and cost controls.
- Revenue increased 17% year-over-year to $65 million in Q4 2024, driven by performance-optimized campaigns for self-serve advertisers.
- Adjusted EBITDA turned positive at $3 million (5% margin) in Q4 2024, representing a 30 percentage point improvement year-over-year.
- Weekly Active Users (WAU) grew 10% year-over-year to 45.9 million, supported by organic U.S. user acquisition and improved notification delivery.
- The company generated $11 million in operating cash flow in Q4 2024, reinforcing its disciplined approach to resource allocation.
Headline financials
Revenue & EPS history
Nextdoor · Revenue · Quarterly
$65.2M
Forward guidance
Nextdoor expects Q1 2025 revenue to be approximately $53 million, with year-over-year revenue growth in the first half of 2025 expected to be approximately flat. The company anticipates an adjusted EBITDA loss of approximately ($13 million) in Q1 2025, while remaining on track to deliver NEXT by mid-year 2025.
Tailwinds
- The company remains on track to deliver NEXT by mid-year 2025.
- Organic user acquisition and ads platform-driven growth drivers from 2024 are expected to persist into 2025.
- The company is making bold decisions and prioritizing long-term growth with a Founder's Mentality.
- The NEXT initiative aims to create a healthier baseline for growth and an improved user experience.
- The company is focused on unlocking the promise of the neighborhood through richer local content, timely local alerts, and community-powered recommendations.
Headwinds
- Q1 2025 revenue is expected to be approximately $53 million, reflecting initial reductions in ad impression supply tied to the NEXT initiative roll out.
- Year-over-year revenue growth in the first half of 2025 is expected to be approximately flat.
- Q1 2025 adjusted EBITDA loss is expected to be approximately ($13 million).
- The 'switchover' to NEXT is expected to have business impacts in the short term.
- Reduced spending among certain large advertisers, partly due to a shift towards programmatic ad buying, is impacting quarter-to-date revenue growth.
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 2024
-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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