Nextdoor

Nextdoor provides a home for brands to connect with high-intent audiences seeking trusted recommendations in their neighborhood. Tune into Nextdoor’s CEO, Nirav Tolia, on AdExchanger Talks with Allison Schiff to hear more about Nextdoor’s role as the essential neighborhood network, our work with our advertising partners who are looking for scalable ways to reach verified, local audiences, and the future vision and product transformation happening at Nextdoor. ??? Listen here:? https://lnkd.in/gRYbtdPs? #Nextdoor #AdExchangerTalks?

Today, we published financial results for the third quarter of 2024 and announced Georg Petschnigg as Chief Design Officer. Georg brings additional design leadership and deep experience in product creation, accelerating Nextdoor’s plans to transform the platform. In Q3 we made significant progress, improving metrics and margins:? Q3 revenue of $66M grew +17% year-over-year, reflecting increasing self-serve revenue retention, a return to growth for enterprise advertisers, and improved monetization of search activity. Q3 Weekly Active Users (WAU) of 45.9 million grew +13% year-over-year, reflecting sustained organic user acquisition, progress re-engaging existing users, and varied and personalized content. Q3 margins improved? 33 percentage points year-over-year, derived from strong margin flow-through from increased revenue, further leverage in sales and marketing, and a 60% year-over-year improvement in employee productivity. Advertisers on the Nextdoor Ads Platform continue to see better results, which has improved retention and increased total spending. We are executing with precision and purpose, better allocating resources toward growth, and have raised our FY 2024 outlook. Nextdoor remains an essential place to gather information and connect, particularly during significant events affecting local communities. Learn more at investors.nextdoor.com. $KIND

Thanks to Fortune and Diane Brady for having Nextdoor’s CEO, Nirav Tolia, on the Leadership Next podcast for a fruitful discussion on the importance of local connections, Nextdoor’s essential role in local, and the Founder’s Mentality. Listen to the entire episode here: https://lnkd.in/eFBWmxAw #Nextdoor #FoundersMentality #Leadership

Nextdoor announced a significant milestone today - five years of connecting Canadian neighbours. With 1 in 3 Greater Toronto Area households on Nextdoor, Neighbours come to Nextdoor for utility and stay for community. Over the past five years, Canadians have used Nextdoor to: Reunite 18,000+ lost pets with their families Unite with like-minded neighbours in over 28,000 local groups Recommend 83,000+ local businesses To celebrate the occasion, the Nextdoor Kind Foundation has committed $50,000 to support charitable work in Canadian neighbourhoods. Thank you to our neighbours, businesses, and public agencies for creating more connected communities with Nextdoor.

“There’s no way to think about running a large organization, where the work is largely done with your mind, and not think about the challenges and opportunities that come with that. All of this leads you back to how you think about mental health at work.” - Bryan Power Nextdoor’s Chief People Officer, Bryan Power, joined fellow leaders Dick Costolo, Mary H. Macy, and Neha Chaudhary, MD, to discuss the evolving role and importance of mental health benefits in the modern workplace. Thank you, Modern Health, for the opportunity to join an important conversation at Elevate 2024 that will continue to catalyze positive change. To hear the entire discussion, please visit the link below. https://lnkd.in/eQZ4aUg2 #Nextdoor #Neighbors #Benefits

The Nextdoor Treat Map is back! The original interactive guide for local Halloween fun returns for the 12th consecutive year, giving neighbors a chance to show and share their plans for this once-a-year celebration of neighborhood spirit! And with Halloween falling on a school night this year, parents can refer to the Treat Map to find nearby hotspots for trick-or-treating to ensure a fun and efficient evening for their families. Neighbors can find the Treat Map now on the Nextdoor app, or by visiting?nextdoor.com/treat_map.

Today, Nextdoor announced the winners of the 2024 Neighborhood Fave awards, marking the 8th annual celebration of beloved local businesses. In addition to the well-deserved recognition, being a Neighborhood Fave is great for business: winners have 6x times more recommendations on their Nextdoor Business Pages. Congratulations to all of this year’s honorees, and to visit the Neighborhood Faves in your area, visit nextdoor.com/favorites.

??Nextdoor has now reached 10 million neighbours in the United Kingdom ????! Whether you're looking for trusted recommendations, launching a business, or staying updated on local happenings, Nextdoor is the essential neighbourhood app. With 10 million neighbours coming to the platform for the utility and staying for the community, the UK is Nextdoor’s largest international market outside the US. We have some more big UK numbers to celebrate: - 1 in 4 adults in the UK are now on Nextdoor ????! - Over half a million businesses have set-up a local business page in the UK, driving growth and benefitting from the audience of high-intent, verified neighbours ??. - 7 million items have been bought, sold, or given away on the UK platform Thank you to all our UK neighbours, businesses, and public services for making Nextdoor the essential neighbourhood network.? ?#NextdoorUK #10m #Neighbourhoods #LocalBusinesses

?? Nextdoor has recently partnered with HEALTH@WPP to explore the vital roles of community and the emotional and practical challenges impacting those battling cancer as well as those of their caregivers. ?? Our study with HEALTH@WPP highlights the positive role of community support for cancer patients and caregivers, and the best ways to offer help to those around them. ?? Key Findings: Value of Community: Community help reduces stress (36%), fear (30%), and isolation (25%). Hopefulness doubles with support. Barriers: 59% are uncomfortable asking for help. Desired Tangible Support: The most desired forms of support include someone to talk to (50%), assistance with chores (41%), help with meals (38%), rides to medical appointments (25%), and childcare (17%). For more insights and recommendations to support those battling cancer in your community, visit: https://lnkd.in/enVifm9s #Neighborhoods #Local #Nextdoor

By embracing a founder’s mentality, leaders can foster cultures of innovation and resilience where every team member is inspired to contribute to the company’s growth and long-term legacy.” ??At Nextdoor, we believe in the power of the "founder’s mentality," as exemplified by trailblazing founders like Oprah Winfrey, Steve Jobs, and Sam Walton. In the article below, Nextdoor’s CEO and Co-Founder, Nirav Tolia, emphasizes in Fortune how to lead with this mindset in order to achieve a company’s ultimate mission. ?? To learn more, read the full article below. ?? https://lnkd.in/e8BPVsFQ #Community #Innovation #Nextdoor