Nextdoor Holdings, Inc. (NYSE:KIND) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET

Company Participants

Matt Anderson - Head of Investor Relations

Sarah Friar - Chief Executive Officer

Mike Doyle - Chief Financial Officer

Conference Call Participants

Eric Sheridan - Goldman Sachs

Mark Mahaney - Evercore

Operator

Good afternoon. Thank you for attending today's Nextdoor Q2 2022 Earnings Call. My name is Hannah, and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call, with an opportunity for questions-and- answers at the end. [Operator Instructions]

I would now like to pass the conference over to our host, Matt Anderson with Nextdoor. Please go ahead.

Matt Anderson

Thank you, Hannah. I'm Matt Anderson, Head of Investor Relations. Good afternoon, and thank you for joining us today to review Nextdoor's second quarter 2022 financial results. With us on the call today are Sarah Friar, Chief Executive Officer; and Mike Doyle, Chief Financial Officer.

During this call, we may make statements related to our business that are forward-looking statements under federal securities laws. These statements are not guarantees of future performance. They are subject to a variety of risks and uncertainty. Our actual results could differ materially from expectations reflected in any forward-looking statements. For a discussion of the material risks and other important factors that could affect our actual results. Please refer to our SEC filings available on the SEC's website and in the Investor Relations section of our website, as well as the risks and other important factors discussed in today's earnings release.

Additionally, non-GAAP financial measures will be discussed on today's conference call. A reconciliation of these measures to the most directly comparable GAAP financial measures can be found in the Q2 2022 shareholder letter release today.

With that I'd like to turn the call over to Sarah.

Sarah Friar

Thank you, Matt and hello everyone. A lot has changed in the world since our last earnings report. Macroeconomic conditions have become more uncertain. The risk of a recession has increased and neighbors and businesses are facing continued pressures from factors such as inflation and rising interest rates. We know that when times get tough, Nextdoor shows up for neighbors businesses and public agencies globally.

In times of need, neighbors increasingly rely on Nextdoor for trusted information to connect with neighbors, both online and in real life, and to give and get help within their communities. We saw this throughout the pandemic and we're seeing it again now. Whether it's defined a side hustle to pay for accelerating rental costs, to use our quantified section to grab those free baby clothes, to help food raise for neighbors and need an extra big with groceries or to aggregate community members in support of a local cause. This reinforces our belief in Nextdoor's purpose to cultivate a tender world where everyone has a neighborhood to rely on.