Nextdoor Holdings Expects Preliminarily Q1 Revenue Will Exceed, And Its Adjusted EBITDA Loss Will Be Narrower Than, Previously Reported Guidance
Portfolio Pulse from Benzinga Newsdesk
Nextdoor Holdings, Inc. announced its Q1 revenue is expected to exceed and its adjusted EBITDA loss to be narrower than previously reported. These are preliminary estimates, subject to financial closing procedures and adjustments. Final results will be discussed in a Q&A webcast on May 7, 2024.
April 26, 2024 | 8:04 pm
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Nextdoor Holdings, Inc. expects Q1 revenue to exceed forecasts and adjusted EBITDA loss to be narrower than previously anticipated.
The announcement of exceeding revenue forecasts and a narrower EBITDA loss than previously guided is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the final impact will depend on the actual results disclosed in the May 7 webcast and the market's overall perception.
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