Nextdoor revenue forecast falls short as advertisers tighten belts
Nextdoor revenue forecast falls short as advertisers tighten belts
Abstract
Nextdoor Holdings Inc. reported a sales outlook that missed analysts' estimates. The company's revenue in the current quarter will be between $53 million and $55 million. Its annual revenue projection also missed estimates. Real estate, retail and fast-food restaurants are among the sectors pulling back advertising spending, it added. The stock has declined 54% so far this year. The stock is down 54% this year and has dropped 54% in the last three months. The company has declined so far.
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