Nextdoor Holdings Stock Earnings Reports

Nextdoor reported a strong Q1 2026: platform weekly active users (WAU) reached an all-time high of 22.3 million (sequential inflection), revenue was $62M (+14% YoY and above guidance), and adjusted EBITDA was roughly breakeven (about a $9M YoY improvement). Management highlighted product improvements (threaded conversations, pinned comments, richer media, latency/infrastructure gains), content-quality initiatives (down-ranking self-promotional content), and early AI-enabled features (notably “Ask”) that summarize verified, local neighbor content to drive higher relevance and engagement. Monetization progress was broad-based: self-serve grew 28% YoY and now represents ~68% of revenue, home services remain a standout ad category, and Opportunity Alerts and other non-feed monetization paths show promise. Operationally, revenue per employee improved 31% YoY, churn for local advertisers remains an area of focus, and the company repurchased 17M shares in Q1 and authorized a new $100M buyback through June 2028. Balance sheet: $373M cash and equivalents, no debt. Outlook was raised: Q2 revenue $71M–$73M with adj. EBITDA $4M–$6M; full-year 2026 now expected ~10% revenue growth and high-single-digit adjusted EBITDA margin. Management emphasized that revenue growth is the primary driver to further free cash flow expansion, with continued cost discipline and AI-driven operating leverage.