Nextdoor Holdings (NYSE:KIND) First Quarter 2024 Results

Key Financial Results

• Revenue: US$53.1m (up 6.8% from 1Q 2023).

• Net loss: US$28.3m (loss narrowed by 16% from 1Q 2023).

• US$0.072 loss per share (improved from US$0.09 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nextdoor Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 16% from a week ago.

Risk Analysis

Be aware that Nextdoor Holdings is showing 2 warning signs in our investment analysis and 1 of those is concerning...

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