Nextdoor: Next Step Up
Portfolio Pulse from
Nextdoor has shown a significant turnaround under CEO Nirav Tolia, with 17% revenue growth and record WAUs. The company nearly eliminated losses, reporting a Q3 adjusted EBITDA loss of $1 million, and expects to be cash flow positive in Q4. Nextdoor has a strong balance sheet with $425 million in cash and has reduced diluted shares by 20 million through buybacks.
November 08, 2024 | 10:45 pm
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POSITIVE IMPACT
Nextdoor, under CEO Nirav Tolia, has achieved 17% revenue growth and record WAUs. The company reported a Q3 adjusted EBITDA loss of $1 million and expects to be cash flow positive in Q4. It has a strong balance sheet with $425 million in cash and reduced diluted shares by 20 million through buybacks.
The news highlights significant positive developments for Nextdoor, including revenue growth, reduced losses, and a strong balance sheet. These factors are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100