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Nextdoor Enhances Platform to Support Local Businesses
Nextdoor announced major improvements to the platform that will make it easier for neighbors to find local businesses around them. This overhaul will not only benefit neighbors looking for local business recommendations but will also help businesses build their local reputation in the U.S., Canada, and United Kingdom. "Local businesses have always grown through word of mouth. Online, though, reviews can be bought, manipulated, or faked," said Nextdoor CEO and Co-Founder Nirav Tolia. "Nextdoor's approach mirrors the value of real word of mouth: a real neighbor, in a real neighborhood, sharing a business they've actually used. By surfacing those recommendations more prominently, Nextdoor is helping neighbors discover great local businesses and helping those businesses earn a reputation that can't be bought."
Nextdoor Reports Landmark Q2 with Record Performance
"Q2 was a landmark quarter for Nextdoor, with record Platform WAU and the strongest financial performance in our company's history," said Nextdoor CEO and Co-Founder Nirav Tolia. "Nextdoor is at its best when neighbors help neighbors, and this quarter we saw that translate into more contributions, better content, deeper engagement, and meaningful operating leverage."
Sees Q3 Adjusted EBITDA of $6.5M-$8M
Sees Q3 adjusted EBITDA $6.5M-$8M.
Sees FY26 Adjusted EBITDA Margin Roughly 10%
Sees FY26 adjusted EBITDA margin roughly 10%.
Nextdoor Reports Q1 Revenue of $61.7M
Reports Q1 revenue $61.7M, consensus $58.2M. "As AI scales and synthetic content floods the internet, verified human connection becomes the scarce resource. Fifteen years of building a trusted local graph consisting of over 110 million real neighbors is not something that can be replicated or replaced," said Nextdoor CEO and Co-Founder Nirav Tolia. "We believe that the platforms that win will not be the ones with the most compute - they will be the ones with the strongest human signal. We believe that we are uniquely positioned to deliver that signal at scale." "Q1 was a standout quarter, with Platform WAU at an all-time high, 14% year-over-year revenue growth, and significant improvements on our path to profitability," said Nextdoor CFO Indrajit Ponnambalam. "Revenue of $62 million represented a significant acceleration in year-over-year growth from Q4 2025 levels, while Adjusted EBITDA improved $9 million year-over-year to nearly breakeven in our seasonally softest quarter. Accelerating revenue growth alongside meaningful profitability improvement gives us increased confidence that our business model is working."
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