Nextdoor Stock Is Rising. Earnings Topped Guidance Despite Soft Ad Market


Holdings stock is on the rise in late trading Tuesday after the locally focused social-networking site posted better-than-expected fourth-quarter results.

For the quarter, Nextdoor (ticker: KIND) reported revenue of $53.3 million, down 10% from a year ago, but above the company’s guidance range of $50 million to $52 million, and ahead of the Street consensus estimate of $50.8 million, as a slowing advertising market continued to take a toll on the busienssl.