Nextdoor Holdings, Inc. operates as a neighborhood network connecting verified neighbors to local people, places, and information that matter most in their communities. The company provides a platform for neighbors to share news, safety alerts, recommendations, for sale and free listings, and event details. It serves over 105 million verified neighbors across more than 350,000 neighborhoods in 11 countries, fostering trusted, real-world utility through locally relevant content and services.

Nextdoor generates revenue primarily through advertising solutions offered to businesses, national brands, publishers, and civic and government agencies. The company’s proprietary advertising system enables targeted outreach to highly engaged local audiences using first-party data from its verified neighbor base. Revenue is derived from ad formats including sponsored posts, lead generation forms, native display ads, and video ads, supported by measurement tools and brand safety measures to ensure campaign effectiveness and trust.

The company operates through the following segments:

• Advertising: This segment provides a comprehensive suite of advertising solutions designed to deliver measurable results for businesses of all sizes. It includes the Nextdoor Ads Manager interface, native ad server, and measurement and API tools that help businesses connect with high-intent local audiences. The segment offers diverse ad formats such as sponsored posts, lead generation forms, native display ads, and video ads, enhanced by AI-powered tools for generating locally relevant copy and imagery at scale.

• Platform Services: This segment powers the core user experience through the Feed, Search, and For Sale & Free functionalities. It delivers a dynamic, personalized stream of neighbor posts, discussions, news, alerts, and community updates tailored by location. The segment also supports local discovery and recommendations via Search and facilitates a local marketplace where neighbors can buy, sell, or donate items within their communities.

Nextdoor holds a distinct position in the local engagement and hyperlocal advertising space, competing with major social media platforms such as Meta (including Facebook and Instagram) and Alphabet (including Google) that offer local products to advertisers and users. Its competitive advantage lies in its unique combination of neighbor identity, trust, and proximity, powered by geospatial technology and a proprietary ad stack that enables precise neighborhood-level targeting. This focus on hyperlocal relevance differentiates it from broader social networks and classifieds platforms.

Nextdoor serves a diverse customer base consisting of individual neighbors, local and national businesses, news publishers, and public agencies including fire departments, law enforcement, and municipal offices. The platform also partners with alert providers such as Waze, Weather.com, and the U. S. Geological Survey to deliver real-time traffic, weather, and safety notifications. These users and partners engage with the platform to share information, promote local commerce, and strengthen community connections.