Nextdoor’s Q2 revenue rose 15% year-over-year to $75 million, beating guidance as weekly active users hit 22.9 million.
Nextdoor reported Q2 revenue of $75 million, up 15% year-over-year and above its $71 million to $73 million guidance. The company also achieved a record 22.9 million weekly active users, a 5% increase from the prior year and sequential growth for the second quarter in a row.
Adjusted EBITDA improved to $10 million, a 13% margin and a $12 million year-over-year increase. GAAP net loss narrowed to $2 million, or a negative 3% margin. The results reflect ongoing product enhancements, including feed-ranking improvements and expanded video features.
CEO Nirav Tolia called the quarter a “landmark” period, citing stronger financial performance driven by user engagement and advertising efficiency.