Nextdoor Holdings, Inc. reported financial results for the first quarter ended March 31, 2025, on May 7, 2025, with revenue growing 2% year-over-year to $54.2 million. This modest growth occurred as the company continued its strategic 'NEXT' transformation. Platform Weekly Active Users (WAU) increased by 5% year-over-year, indicating sustained user engagement.
The company demonstrated improved operational discipline, with total costs and expenses decreasing by 8% year-over-year. This was primarily due to reductions in sales and marketing (26% decrease) and general and administrative expenses (4% decrease). Research and development expenses, however, increased by 7%, reflecting prioritization of the NEXT initiative.
Profitability metrics showed improvement, with net loss decreasing by 22% year-over-year to $22.0 million and Adjusted EBITDA loss decreasing by 35% to $9.2 million. Nextdoor also generated positive operating cash flow of $0.4 million in Q1 2025. For Q2 2025, the company expects revenue of approximately $60 million and an Adjusted EBITDA loss of approximately $10 million, with full U.S. launch of NEXT targeted by late July 2025.
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