Nextdoor Projects Improved Revenue Growth Amid Product Overhaul
- CEO announces “complete transformation” of social network
- Company reports sales, projects revenue that beat estimates
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Nextdoor Holdings Inc. reported second-quarter revenue that beat analysts’ estimates and projected stronger-than-expected sales growth, pointing to improvements in the company’s advertising technology as a key driver of sales.
Chief Executive Officer Nirav Tolia also announced plans for a “complete transformation” of Nextdoor’s core social network to increase usage and turn the neighborhood-focused platform into a service that people are drawn toward daily, not just for key life moments.