Nextdoor

Earlier this week we announced financial results for the first quarter of 2023. We had a strong start to the year, and our investments in AI, and particularly ML, have generated impressive returns, particularly in deepening engagement. There are now over 80 million Verified Neighbors on Nextdoor who remain highly engaged on the platform, coming for both utility and community and who understand the inherent power of local. Q1 WAU grew to 42.4 million, representing 16% year-over-year and 6% quarter-over-quarter growth. Q1 sequential growth was primarily driven by over 2 million new WAU in the U.S. AI, including ML, were the leading drivers of WAU growth, and we’re excited to explore the possibilities for generative AI applications on our platform, built on the foundation of our unique local knowledge graph and content that is already often labeled by the 80M+ verified neighbors using Nextdoor. Our just launched AI Assistant is helping neighbors create more engaging posts, and be more constructive in their comments when appropriate. Read more about it here: https://nxdr.co/3Mcc93f

We are proud to share our Engineering and People (HR) teams have ranked as as top departments in Comparably's Q1 employer awards. Check out the official lists below: 🏆 Comparably's 2023 Best Engineering Teams: https://nxdr.co/3zip4Jx 🏆 Comparably's 2023 Best HR Teams: https://nxdr.co/42RjVpz Interesting in joining #TeamNextdoor? Check out opportunities here: https://nxdr.co/careers