Nextdoor Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 04:04 pm EST
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Nextdoor Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 53.95 million compared to USD 52.71 million a year ago. Net loss was USD 34.72 million compared to USD 19.36 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.18 a year ago.
For the nine months, sales was USD 159.5 million compared to USD 132.87 million a year ago. Net loss was USD 104.51 million compared to USD 66 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 0.64 a year ago.
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. 
