Nextdoor Holdings, Inc. Reports Preliminary Revenue Results for the Fourth Quarter of 2023
February 23, 2024 at 11:00 am
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Nextdoor Holdings, Inc. reported preliminary revenue results for the fourth quarter of 2023. For the quarter, the company expects Revenue of $56 million, exceeding its previously provided guidance range of $50 million to $52 million.
Nextdoor Holdings, Inc. provides Nextdoor platform, which enables neighbors and organizations to build an engaged community of neighbors, businesses and public services that can be depended on to exchange valuable information, goods and services. Neighbors can discover and interact with local businesses, leave recommendations, and follow their Faves on the platform. Neighbors can utilize a local marketplace, for sale and free, to buy, sell, or give away items, and offer services such as dog walking. Its customers can find posts, photos and discussions in the feed, discover nearby neighbors, groups, businesses, events, and items through a nativized maps surface in the discover tab, and search for specific content and organizations through its search feature. Its platform provides neighbors the ability to use generative artificial intelligence (AI) and has integrated AI into the Kindness Remainder. It offers advertising solutions designed to generate tangible value for businesses.