Nextdoor Holdings, Inc. Provides Financial Guidance for Third Quarter and Full Year of 2023
August 08, 2023 at 05:00 pm EDT
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Nextdoor Holdings, Inc. provided financial guidance for third quarter and full year of 2023. The company expected third quarter 2023 revenue growth to be in line with second quarter 2023 growth rate at approximately 4% growth.
The company expected fourth quarter year-over-year revenue growth to accelerate, implying mid-single-digit year-over-year growth for the full year of 2023.
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.
NEXTDOOR HOLDINGS, INC. 
