Nextdoor reports Q1 revenue $53.15M, consensus $50.83M

Net loss was $28 million, compared to $34 million in the year-ago period. Total Weekly Active Users of 43.4 million increased 2% year-over-year. Adjusted EBITDA loss was $14 million, compared to $22 million in the year-ago period. “Q1 was a promising start to the year. WAU grew to 43.4 million, up 2% year-over-year and 4% sequentially, and engagement remains strong, as session depth improved by 36% year-over-year,” said Nextdoor Executive Chair and incoming CEO Nirav Tolia.