Thu, Feb 27, 9:10 PM (59 days ago)
**Nextdoor Holdings, Inc. (KIND) 2024 Financial Summary** For the fiscal year ended December 31, 2024, Nextdoor Holdings, Inc. reported revenue of $247.3 million, reflecting a 13% increase from the previous year. The company recorded a net loss of $98.1 million, a 34% improvement from a loss of $147.8 million in 2023. Operating expenses totaled $368.9 million, down 6% year-over-year, despite restructuring charges of $25.6 million. Earnings per share were reported at $(0.25). The company’s strategic initiatives, including the NEXT program aimed at enhancing user engagement and monetization, are pivotal for future growth. Key metrics showed 46 million weekly active users (WAUs), up 10% from the previous year, with an average revenue per user (ARPU) of $5.48, a 4% increase. Risks include reliance on advertising revenue, competitive pressures, and potential economic downturns affecting advertiser spending. As of December 31, 2024, Nextdoor maintained $427 million in cash and marketable securities, supporting its operations amid ongoing investments and restructuring efforts. Overall, Nextdoor's focus on community engagement and strategic growth initiatives positions it for future recovery and expansion despite existing challenges.