Record Quarterly Revenue
Nextdoor achieved its highest quarterly revenue ever, reaching $69 million, up 5% year-over-year, driven by strong demand from self-serve advertisers.
Positive Adjusted EBITDA
Q3 adjusted EBITDA was $4 million, representing a positive 6% margin and an 8-point improvement year-over-year.
Self-Serve Revenue Growth
Self-serve revenue grew 33% year-over-year, comprising 60% of the total revenue, with meaningful gains in higher click-through rates and lower cost per click.
Programmatic Supply Integrations Completed
Nextdoor completed its programmatic supply integrations, enabling deeper collaboration with scaled parties and launched a partnership with Yahoo for off-platform advertising.
Strong Cash Position
The company has $403 million in cash, cash equivalents, and marketable securities, with zero debt.
New Chief Financial Officer
Indrajit Ponnambalam was announced as the new CFO, bringing over two decades of experience in finance and operations.