Nextdoor Holdings Q2 Earnings: Revenue Beats Estimates, Adjusted EBITDA Loss Narrower Than Expected

Nextdoor Holdings reported Q2 adjusted EBITDA loss of $2 million, beating expectations. Revenue of $65M (+3% YoY) exceeded estimates by $4.65M. The company expects quarterly adjusted EBITDA breakeven in Q4 2025 and full-year adjusted EBITDA breakeven in FY 2026.

Nextdoor Holdings, Inc. (NYSE: NXDR), the essential neighborhood network, reported its second-quarter financial results for the period ended June 30, 2025. The company announced revenue of $65 million, a 3% year-over-year (YoY) increase, and a Platform Weekly Active Users (Platform WAU) of 21.8 million, up 1% YoY. Despite these improvements, Nextdoor reported a GAAP net loss of $15 million, compared to $43 million in the year-ago period, and an adjusted EBITDA loss of $2 million, a significant improvement from $6 million in the year-ago period.

The company also announced a restructuring plan, including a reduction in workforce, to drive focus and efficiency. This plan is expected to reduce annualized operating expenses by approximately $30 million. Nextdoor expects to achieve quarterly adjusted EBITDA breakeven in Q4 2025 and full-year adjusted EBITDA breakeven in FY 2026. The company's CEO, Nirav Tolia, stated that the new Nextdoor, launched in mid-July, offers a transformed experience for neighbors and advertisers and serves as a strong foundation for future user engagement and monetization growth.

Additionally, Matthew Anderson, the current Chief Financial Officer, will resign from his position effective September 1, 2025. He will remain with the company in an advisory capacity through the end of the year. Craig Lisowski has been appointed as the new President of Products, succeeding Anderson. Lisowski will lead the full product organization, ensuring continued innovation and execution at scale.

Nextdoor will host a conference call at 2:00 p.m. PT/5:00 p.m. ET today to discuss these results and outlook. For more detailed information on the company's operating and financial results, please reference the Investor Update posted on the Nextdoor Investor Relations website.

References:
[1] https://www.businesswire.com/news/home/20250807577378/en/Nextdoor-Reports-Second-Quarter-2025-Results