Nextdoor Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022
November 08, 2022 at 05:00 pm EST
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Nextdoor Holdings, Inc. provided earnings guidance for the fourth quarter and full year of 2022. For the quarter, the company's revenue expectation to between $50 million and $52 million, a year-over-year growth rate of negative 14% at the midpoint of the range.
For the year, the company expects revenue of approximately $210 million to $212 million, which is a year-over-year growth rate of 10% at the midpoint of the range.
Nextdoor Holdings, Inc. provides Nextdoor platform, which enables neighbors and organizations to build an engaged community of neighbors, businesses and public services that can be depended on to exchange valuable information, goods and services. Neighbors can discover and interact with local businesses, leave recommendations, and follow their Faves on the platform. Neighbors can utilize a local marketplace, for sale and free, to buy, sell, or give away items, and offer services such as dog walking. Its customers can find posts, photos and discussions in the feed, discover nearby neighbors, groups, businesses, events, and items through a nativized maps surface in the discover tab, and search for specific content and organizations through its search feature. Its platform provides neighbors the ability to use generative artificial intelligence (AI) and has integrated AI into the Kindness Remainder. It offers advertising solutions designed to generate tangible value for businesses.
NEXTDOOR HOLDINGS, INC. 
