Latest news with #NiravTolia
Business Insider
3 days ago
- Business
- Business Insider
Nextdoor's CEO explains the 'ideological' reason he won't cut licensing deals with AI companies
Nextdoor CEO Nirav Tolia said data scraping gives AI companies an advantage over content owners. Tolia spoke with BI at the Cannes Lions ad festival as Nextdoor prepares to unveil a big redesign. This article is part of " CMO Insider," a series on marketing leadership and innovation. Partner, sue, or block? Those tend to be the three available options for publishers when it comes to dealing with artificial intelligence companies scraping their content to train large language models. Nextdoor, the hyperlocal social network, is emphatically choosing the blocking path. "If you spread your content far and wide, there's a very good chance that one of these better funded, larger operating companies — like a ChatGPT, or Microsoft, or whomever — is going to take all that content, train its models, and then consumers will never have to come to you," Nirav Tolia, Nextdoor's CEO, told BI in an interview at the Cannes Lions advertising festival in France on Monday. Tolia said his stance is "ideological," and it comes after he learned the hard way about the perils of relying too heavily on Big Tech platforms. During the dot-com boom, Tolia was an executive at a site that helped shoppers track price drops on products they were looking to buy. Tolia said around 80% of its traffic came from Google searches. The company went public in 2004, but its share price crashed not long after, following a change in Google's algorithm that decimated its traffic. ( sold to eBay in 2005.) "When I was starting Nextdoor with my cofounders, we said it's much more difficult to grow without the benefit of Google, but we want to do everything not to be reliant because we can't sleep well at night," Tolia said. "We've never allowed our content to be scraped, to be distributed — we aren't crawled by any of the search engines," he added. It's an unusual approach. Many website owners are laser-focused on how their brands show up on search pages and frequently optimize their sites for Google's crawlers. That approach is also why you won't see Nextdoor cutting a licensing deal like Reddit's partnership with Google. The search giant has said the deal — which Reuters reported was worth about $60 million a year to Reddit — will not only train its AI models but surface more information derived from Reddit in its search results. Tolia questioned the long-term viability of these sorts of deals, even if they're additive to the bottom line in the short term. (Disclosure: OpenAI has a licensing partnership with BI parent company Axel Springer.) Tolia said that if users decide to go to Google to get data derived from Reddit, Google could, over time, drive down the cost of its licensing agreement. "Those consumers aren't even going to know it's Reddit information," Tolia said. Google has previously said that its AI Overviews send "higher quality" visits to some websites when users click on source citation links for more information. However, separate analyses from independent researchers suggest that AI overviews can hurt click-through rates. Nextdoor is preparing for its next era Tolia's stance on licensing doesn't mean Nextdoor doesn't have AI ambitions. Tolia wants every neighborhood on Nextdoor to have an AI agent, so consumers can ask its chatbot, "What's the best place to go to in Marylebone for a great Tikka Masala?" Nextdoor's agent would then trawl 14 years of users' posts and recommendations to surface an answer. "It's incumbent on us at Nextdoor to make it just as easy as ChatGPT," Tolia said. Nextdoor's trip to Cannes Lions comes as it prepares to launch a new redesign with the intention of creating a more structured feed and more timely notifications about events happening in users' neighborhoods, layering in information from sources like city councils and local news outlets. The company's goal is to become more of a daily habit. Nextdoor said during its earnings call last month that while it has 100 million verified users, only around a quarter of them are active on the platform. Nextdoor is also sharpening its pitch to advertisers. Once the new redesign launches, it plans to roll out more ad formats and other ad services later in the year. Tolia said Nextdoor is emphasizing its hyper-local roots and the authentic conversations that happen on the platform, which are rooted around events in the real, not online, world. "I think marketers want authenticity, and so if you think about this idea of verified neighbors in real neighborhoods, in a private ecosystem — that's very different than a place like Instagram, for example," where much of the content is from influencers, Tolia said.
Yahoo
11-06-2025
- Business
- Yahoo
KIND Q1 Earnings Call: Nextdoor Unveils Product Overhaul and Outlines Path to Monetization
Neighborhood social network Nextdoor (NYSE:KIND) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 1.9% year on year to $54.18 million. Its non-GAAP loss of $0.06 per share was in line with analysts' consensus estimates. Is now the time to buy KIND? Find out in our full research report (it's free). Revenue: $54.18 million vs analyst estimates of $53.22 million (1.9% year-on-year growth, 1.8% beat) Adjusted EBITDA: -$9.16 million vs analyst estimates of -$12.74 million (-16.9% margin, 28.1% beat) Operating Margin: -49.9%, up from -65.4% in the same quarter last year Weekly Active Users: 46.1 million, up 2.7 million year on year Market Capitalization: $627.4 million Nextdoor's first quarter was shaped primarily by its ongoing transformation initiative, NEXT, which management described as a fundamental redesign of the platform to enhance user engagement and deliver more timely, hyper-local content. CEO Nirav Tolia emphasized that the company's most significant progress during the quarter was product-related, with the transition to NEXT prioritized over near-term growth metrics. He highlighted that, 'any short-term trade-offs we have made and continue to make are intentional and aligned with our plan to maximize long-term value.' The company also reported steady user growth and improved adjusted EBITDA margins, attributing these gains to disciplined expense management and improved marketing efficiency. Looking ahead, Nextdoor's leadership is focused on launching the NEXT platform to all U.S. users by late July, with expectations that deeper engagement and new features will set the stage for improved monetization. Management is targeting three core pillars with this product overhaul: local news, real-time alerts, and AI-driven recommendations. Tolia noted, 'We expect that by the end of July, we will have released NEXT to everyone in the U.S.,' adding that initial feedback from advertisers has been encouraging. CFO Matt Anderson acknowledged that while large advertiser spending remains a headwind, he expects upcoming ad platform enhancements and the rollout of programmatic ad buying to support a return to revenue growth in the second half of the year. Management linked first quarter performance to disciplined cost controls, a focus on user experience upgrades, and the initial phase of the NEXT product transformation, while highlighting near-term trade-offs for longer-term value. NEXT product transition: The company dedicated significant resources to the development and upcoming launch of its NEXT platform, which aims to deliver more relevant local content, real-time alerts, and enhanced recommendations. Management sees this as a foundational change expected to drive future engagement and monetization. User metric realignment: Nextdoor will shift its primary user metric from total weekly active users (WAU) to platform WAU, which counts only users engaging directly with the app or website. This move is designed to better reflect the quality of engagement and align with where monetization occurs, excluding passive email-only users. Ad platform enhancements: The Nextdoor Ads platform now serves all large U.S. advertisers directly and has seen improvements in click-through rates and cost efficiency. Management attributed this to the adoption of new performance features and AI-powered campaign tools, which help advertisers better reach relevant audiences. Self-serve revenue growth: Self-serve advertising continued to expand, accounting for over 60% of total revenue in the first quarter. This reflects a shift towards more accessible, automated advertising solutions that can attract a broader range of advertisers beyond large brands. Expense discipline and cash flow: The company reported ongoing year-over-year improvements in adjusted EBITDA margins and generated positive operating cash flow, citing improved team productivity, more efficient marketing, and lower hosting costs as contributing factors. Nextdoor's forward outlook centers on the full launch of NEXT, expansion of ad surfaces, and the shift to programmatic advertising, balanced against near-term advertiser spending headwinds. NEXT rollout and engagement: Management believes that the success of NEXT, which introduces new features like curated local news, real-time alerts, and AI-driven recommendations, will be crucial to driving higher user engagement and ultimately increasing monetization opportunities. The rollout is expected to be completed by late July, with initial results to be shared in the next quarter. Programmatic ad adoption: Plans to enable programmatic ad buying later this year are intended to unlock new demand from advertisers, particularly as some large brands shift budgets toward programmatic channels. Management expects this to help offset weakness in direct large advertiser sales and support a return to revenue growth. Expense management and platform WAU focus: The company will continue to prioritize disciplined spending while monitoring the transition to the new platform WAU metric. This focus aims to capture more engaged, monetizable users and align external reporting with the areas generating the most value for both users and advertisers. In the upcoming quarters, the StockStory team will closely track (1) the uptake and user response to the full NEXT platform launch, (2) progress on enabling programmatic ad buying and its effect on advertiser demand, and (3) the transition from traditional WAU to platform WAU as a core metric for engagement and monetization. Additionally, the pace and quality of AI-driven feature adoption will serve as a key indicator of Nextdoor's evolving value proposition. Nextdoor currently trades at a forward price-to-gross profit ratio of 3×. Should you double down or take your chips? Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Everlight Solar Named a 2024 Nextdoor Neighborhood Fave
VERONA, Wis., May 15, 2025 /PRNewswire/ -- Everlight Solar has been recognized as a 2024 Neighborhood Fave by Nextdoor, a trusted platform where neighbors connect and share recommendations about the businesses they love. This prestigious award is based entirely on community votes, highlighting Everlight Solar as one of the most recommended and celebrated businesses in neighborhoods across the country. The Neighborhood Faves awards are Nextdoor's annual celebration of local businesses that have gone above and beyond to support their communities. Winners are determined by the number of "Faves" and positive recommendations received from neighbors over the past year. "This year's Neighborhood Fave businesses represent the outstanding service providers, local spots and eateries that are an essential part of our everyday lives," said Nirav Tolia, Chief Executive Officer of Nextdoor. "We're thrilled to celebrate these important members of the community, but more importantly, being a Neighborhood Fave is good for business. Congratulations to all of this year's winners." This award reflects Everlight Solar's deep commitment to empowering local communities with clean, renewable solar energy. Whether installing panels in your neighborhood or supporting local events and causes, they strive to be more than just your solar provider—Everlight Solar aims to be a trusted neighbor. To see the full list of 2024 Neighborhood Fave winners or to learn more about the awards, visit About Everlight SolarEverlight Solar is the fastest-growing solar company in the Midwest, with operations in Wisconsin, Minnesota, Idaho, Nebraska, Oregon, Utah, and Wyoming. Everlight Solar earned a spot on both the 2023 Inc. 5000 and 2024 Inc. 5000 lists in its first two years of eligibility. To learn more about open job opportunities or about going solar for your home, visit View original content to download multimedia: SOURCE Everlight Solar Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
07-05-2025
- Business
- Business Wire
Nextdoor Reports First Quarter 2025 Results
SAN FRANCISCO--(BUSINESS WIRE)--Nextdoor Holdings, Inc. (NYSE: KIND), the essential neighborhood network, today reported financial results for the first quarter ended March 31, 2025. Nextdoor's highlighted metrics for the quarter ended March 31, 2025 include: Total Weekly Active Users (WAU) of 46.1 million increased 6% year-over-year. Revenue of $54 million increased 2% year-over-year. Net loss was $22 million, compared to $28 million in the year-ago period. Adjusted EBITDA loss was $9 million, compared to $14 million in the year-ago period. Ending cash, cash equivalents, and marketable securities were $418 million as of March 31, 2025. "In Q1 we continued to add new users, improved margins, and generated positive operating cash flow — though our most significant progress during Q1 was product-related," said Nextdoor CEO Nirav Tolia. "By executing our transition to NEXT, we believe Nextdoor will emerge better positioned to be a daily use product with deeper engagement and improved monetization over time. I'm thrilled to report that our product development work remains on track, and we expect to deliver a completely new Nextdoor user experience by late July 2025." For more detailed information on our operating and financial results for the first quarter ended March 31, 2025, as well as our outlook for Q2 and fiscal year 2025, please reference our Investor Update posted to our Investor Relations website located at Three Months Ended March 31, (in thousands) 2025 2024 Net loss $ (21,952 ) $ (28,261 ) Depreciation and amortization 544 1,387 Stock-based compensation 17,091 19,506 Interest income (4,982 ) (6,846 ) Provision for income taxes 141 199 Adjusted EBITDA $ (9,158 ) $ (14,015 ) Net loss % Margin (41 )% (53 )% Adjusted EBITDA % Margin (17 )% (26 )% Expand Nextdoor will host a conference call at 2:00 p.m. PT/5:00 p.m. ET today to discuss these results and outlook. A live webcast of our first quarter 2025 earnings release call will be available in the Events & Presentations section of Nextdoor's Investor Relations website located at After the live event, the audio recording for the webcast can be accessed on the same website for approximately one year. Nextdoor uses its Investor Relations website ( its X handle ( its LinkedIn Home Page ( and Nirav Tolia's LinkedIn posts ( /) and X posts ( as a means of disseminating or providing notification of, among other things, news or announcements regarding its business or financial performance, investor events, press releases, and earnings releases, and as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Non-GAAP Financial Measures To supplement our condensed consolidated financial statements, which are prepared in accordance with GAAP, we present certain non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin, in this press release. Our use of non-GAAP financial measures has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP. We use non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. Non-GAAP financial measures provide consistency and comparability with past financial performance, facilitate period-to-period comparisons of core operating results, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. In addition, adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance. We exclude the following items from one or more of our non-GAAP financial measures: stock-based compensation expense (non-cash expense calculated by companies using a variety of valuation methodologies and subjective assumptions), depreciation and amortization (non-cash expense), interest income, provision for income taxes, and, if applicable, restructuring charges or acquisition-related costs. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, (1) stock-based compensation expense has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy, (2) although depreciation and amortization expense are non-cash charges, the assets subject to depreciation and amortization may have to be replaced in the future, and our non-GAAP measures do not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements, and (3) adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; (b) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (c) tax payments that may represent a reduction in cash available to us. The non-GAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. About Nextdoor Nextdoor (NYSE: KIND) is the essential neighborhood network. Neighbors, public agencies and businesses use Nextdoor to connect around local information that matters in more than 345,000 neighborhoods across 11 countries. Nextdoor builds innovative technology to foster local community, and brands and businesses of all sizes use Nextdoor's proprietary advertising platform to engage with neighborhoods at scale. Download the app or join the neighborhood at For more information and media assets, visit
Yahoo
07-05-2025
- Business
- Yahoo
Nextdoor Reports First Quarter 2025 Results
Nextdoor will host a conference call at 2:00 p.m. PT/5:00 p.m. ET today to discuss these results and outlook. A live webcast of our first quarter 2025 earnings release call will be available in the Events & Presentations section of Nextdoor's Investor Relations website located at . After the live event, the audio recording for the webcast can be accessed on the same website for approximately one year. For more detailed information on our operating and financial results for the first quarter ended March 31, 2025, as well as our outlook for Q2 and fiscal year 2025, please reference our Investor Update posted to our Investor Relations website located at . "By executing our transition to NEXT, we believe Nextdoor will emerge better positioned to be a daily use product with deeper engagement and improved monetization over time. I'm thrilled to report that our product development work remains on track, and we expect to deliver a completely new Nextdoor user experience by late July 2025." Story Continues Nextdoor uses its Investor Relations website ( its X handle ( its LinkedIn Home Page ( and Nirav Tolia's LinkedIn posts ( and X posts ( as a means of disseminating or providing notification of, among other things, news or announcements regarding its business or financial performance, investor events, press releases, and earnings releases, and as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Non-GAAP Financial Measures To supplement our condensed consolidated financial statements, which are prepared in accordance with GAAP, we present certain non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin, in this press release. Our use of non-GAAP financial measures has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP. We use non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. Non-GAAP financial measures provide consistency and comparability with past financial performance, facilitate period-to-period comparisons of core operating results, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. In addition, adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance. We exclude the following items from one or more of our non-GAAP financial measures: stock-based compensation expense (non-cash expense calculated by companies using a variety of valuation methodologies and subjective assumptions), depreciation and amortization (non-cash expense), interest income, provision for income taxes, and, if applicable, restructuring charges or acquisition-related costs. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, (1) stock-based compensation expense has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy, (2) although depreciation and amortization expense are non-cash charges, the assets subject to depreciation and amortization may have to be replaced in the future, and our non-GAAP measures do not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements, and (3) adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; (b) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (c) tax payments that may represent a reduction in cash available to us. The non-GAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. About Nextdoor Nextdoor (NYSE: KIND) is the essential neighborhood network. Neighbors, public agencies and businesses use Nextdoor to connect around local information that matters in more than 345,000 neighborhoods across 11 countries. Nextdoor builds innovative technology to foster local community, and brands and businesses of all sizes use Nextdoor's proprietary advertising platform to engage with neighborhoods at scale. Download the app or join the neighborhood at For more information and media assets, visit View source version on Contacts Investor Relations: John T. Williams jwilliams@ ir@ or visit Media Relations: Kelsey Grady Antonia Gray press@
