Nextdoor(NYSE) NXDR

Nextdoor Holdings, Inc. helps people connect with neighbors and local businesses. The platform lets residents share news, safety alerts, and recommendations. It makes finding local services easy for people in their community.

What Neighbors See on Nextdoor

• Verified Neighbor Network: Digital platform connecting more than 110 million neighbors across 11 countries to share local information and news.
• Advertising Services: Tools for businesses to reach local customers using cost per thousand impressions or cost per click models.
• Local Marketplace: Feature for neighbors to list items for sale or for free within their specific communities.
• Safety and Events: Real-time safety alerts and local event listings designed to foster community engagement and utility.

Strategic Moves and Buybacks

• Authorized a new $100 million share repurchase program in April 2026 to buy back Class A common stock through June 2028.
• Repurchased and retired nearly 17 million shares of Class A common stock during the first six months of 2026.
• Increased platform weekly active users (Platform WAU) to 22.9 million in the three months ended June 30, 2026.
• Increased the share repurchase program by $150 million in Feb. 2024 and extended the expiration to March 2026.

What Makes the Network Different

Nextdoor relies on a verified user base to create a trusted environment for local news, safety alerts, and neighbor recommendations. This hyper-local focus attracts advertisers looking to reach high-intent consumers in specific geographic areas.

Tracking the Financial Progress

• Revenue reached $74.6 million in the three months ended June 30, 2026, up 15% year over year.
• Net loss decreased 86% to $2.1 million for the three-month period ended June 30, 2026.
• Adjusted EBITDA—earnings before interest, taxes, depreciation, and amortization—reached $9.5 million in Q2 2026, compared to a loss of $2.2 million in Q2 2025.
• Average revenue per platform weekly active user rose to $3.26 in the quarter ended June 30, 2026, up 9% year over year.
• Cash, cash equivalents, and marketable securities totaled $378.0 million as of June 30, 2026.

The Neighborhood Network Today

Nextdoor has transitioned into a platform that prioritizes monetization through local advertising and neighbor utility. By focusing on verified connections and local relevance, it maintains a unique position in the social media landscape.