Overview

* Nextdoor ( NXDR ) Q2 revenue rises 3% yr/yr, beating analyst expectations

* Adjusted EBITDA loss of $2 mln beats analyst estimates

* Co announces restructuring plan to cut annual operating expenses by $30 mln

Outlook

* Nextdoor expects Q4 2025 adjusted EBITDA breakeven

* Company forecasts full-year adjusted EBITDA breakeven in FY 2026

Result Drivers

* PRODUCT IMPROVEMENTS - Enhanced product performance for advertisers contributed to revenue growth and positive operating cash flow

* NEW PLATFORM LAUNCH - Launch of new Nextdoor ( NXDR ) platform expected to drive future user engagement and monetization growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $65.09 $60.30

Revenue mln mln (5

Analysts

)

Q2 Net -$15.36

Income mln

Q2 Beat -$2.25 -$9.81

Adjusted mln mln (4

EBITDA Analysts

)

Q2 -$20.28

Income mln

from

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy."

* Wall Street's median 12-month price target for Nextdoor Holdings Inc ( NXDR ) is $1.75, about 0.6% below its August 6 closing price of $1.76

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)