Nextdoor Holdings, Inc. (NYSE:KIND) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET

Company Participants

John Williams - Head of Investor Relations
Nirav Tolia - CEO, President
Matt Anderson - Chief Financial Officer

Conference Call Participants

Youssef Squali - Truist Securities
Eric Sheridan - Goldman Sachs

Operator

Good afternoon. Thank you for attending the Nextdoor Second Quarter 2024 Earnings Call. My name is Cameron, and I'll be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions-and-answers at the end.

I would now like to pass the conference over to your host, John T. Williams, Head of Investor Relations. You may proceed.

John Williams

Thank you, operator. I'm John T. Williams, Head of Investor Relations. Good afternoon, and thank you for joining us to review Nextdoor's second quarter 2024 financial results. With us on the call today are Nirav Tolia, Chief Executive Officer; and Matt Anderson, 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 uncertainties. 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 their most directly comparable GAAP financial measures can be found in the Q2 2024 Shareholder Letter released today.

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

Nirav Tolia

Thank you, John T., and good afternoon, everyone. I'm happy to be here with you today to discuss our second quarter financial results and outlook. We had another productive quarter and have made solid progress, since we last spoke in May. Some of that progress is visible in our Q2 results and some of it is embedded in our outlook for Q3 and the rest of 2024. But the most important work, revitalizing our core product will become more clear in 2025.

Our team is working to adopt the Founder's Mentality we talked about last quarter and is committed to taking on the challenge of transforming our user experience for the long-term, while remaining focused on execution in 2024. This effort is evident in our Q2 performance and results.