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Nextdoor Holdings (KIND)
NYSE:KIND
Holding KIND?
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.04Last Year’s EPS
-$0.1Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -6.95%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong user and revenue growth, improvements in operational efficiency, and a solid financial position. However, challenges such as the adjusted EBITDA loss and delayed product progress were also noted. Despite these challenges, the call conveyed an optimistic outlook for future growth and development.Company Guidance
During the Q3 2024 earnings call for Nextdoor, several key metrics and guidance were discussed. The company reported 45.9 million weekly active users (WAU), marking a 13% year-over-year increase. Revenue for the quarter reached $66 million, a 17% growth compared to the previous year. The adjusted EBITDA margin improved significantly by 33 percentage points year-over-year, highlighting enhanced revenue growth and operational efficiency. The company also saw a remarkable 82% increase in click-through rates and a 16% reduction in cost per click due to improvements in their ad platform. Looking ahead, Nextdoor expects full-year 2024 revenue to reach $245 million, implying a 12% year-over-year growth, and anticipates an adjusted EBITDA margin improvement approaching 25 percentage points. For Q4, the company forecasts revenue of approximately $63 million and an adjusted EBITDA loss of about $2 million, alongside positive free cash flow generation.User Growth and Engagement
Weekly active users (WAU) reached 45.9 million, up 13% year-over-year, with U.S. WAU increasing by 16% year-over-year.
Revenue Growth
Revenue grew 17% year-over-year to $66 million, with improved monetization and increased performance of the Nextdoor Ads Platform.
Operational Efficiency
Adjusted EBITDA margin improved by 33 percentage points year-over-year, reflecting increased revenue growth and employee productivity.
Advertising Platform Performance
The Nextdoor Ads Platform saw an 82% increase in click-through rates and a 16% reduction in cost per click due to click optimization.
Strong Financial Position
Ended Q3 with $425 million in cash, cash equivalents, and marketable securities, with zero debt.
Future Outlook
Full-year 2024 revenue expected to grow by 12% year-over-year, with adjusted EBITDA margin improvement approaching 25 percentage points.
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KIND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KIND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $2.59 | $2.84 | +9.65% |
| Aug 07, 2024 | $2.51 | $2.72 | +8.37% |
| May 07, 2024 | $2.27 | $2.46 | +8.37% |
| Feb 27, 2024 | $2.04 | $2.09 | +2.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nextdoor Holdings (KIND) report earnings?
Nextdoor Holdings (KIND) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Nextdoor Holdings (KIND) earnings time?
Nextdoor Holdings (KIND) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KIND EPS forecast?
KIND EPS forecast for the fiscal quarter 2024 (Q4) is -$0.04.
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