NYSE:NXDRInteractive Media and Services
Nextdoor (NXDR) Stock Rallies On Profit Progress As GAAP Questions Remain
Nextdoor Holdings shares were up about 6% to US$2.45 after the Q2 print, which indicates traders liked what they saw at first glance. The real story runs deeper. Revenue landed at roughly US$74.6m and the company still reported a loss, yet adjusted earnings before interest, tax, depreciation and amortization swung to a US$10m profit with a double digit margin.
For a small social platform stock that has been defined by red ink, that profit progress is the headline. The big question now is...