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Group 1 - Nextdoor Holdings (NYSE: KIND) is well-positioned to benefit from the growth of the digital advertising industry, particularly as advertisers focus on platforms that provide hyper-local engagement [1] - The company is expected to capitalize on secular tailwinds in the digital advertising space, indicating a favorable market environment for its services [1] Group 2 - The investment approach emphasizes identifying undervalued companies with long-term growth potential, focusing on quality companies available at a discount to their intrinsic value [2] - The strategy involves holding these companies for an extended period to allow for compounding of earnings and shareholder returns [2]

Core Insights - Spritz Society has partnered with V8 to launch a unique Bloody Mary Spritz, combining high-quality cocktails with bold vegetable flavors [1][2][3] - The new beverage features real white wine, natural ingredients, and a blend of spices, offering a refreshing take on the classic Bloody Mary [3][4] Company Overview - Spritz Society is an award-winning sparkling cocktail brand founded by media influencers and entrepreneurs, focusing on natural ingredients and convenient cocktails [5] - The Campbell's Company, which owns V8, has a long history of providing food and beverages, generating $9.6 billion in net sales for fiscal 2024 across its divisions [6] Product Details - The Bloody Mary Spritz will be available in 12oz cans with 4.5% ABV, 120 calories, and 5g of sugar, sold in packs of four for $25 [3][4] - The product will be launched on December 12, 2024, in time for National Bloody Mary Day on January 1 [4]

This under-the-radar stock has massive potential to scale and monetize its business.Nextdoor (KIND -2.87%) isn't exactly the most widely followed social media stock, but far too many investors are ignoring this business. Not only is Nextdoor on the cusp of turning profitable, but it also has a stellar balance sheet and massive growth potential. If its founder-CEO can continue to move the business in the right direction, this sub-$1 billion stock could be a big winner.*Stock prices used were the morning pric ...

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Financial Data and Key Metrics - Weekly Active Users (WAU) reached 45.9 million, up 13% year-over-year [7] - Revenue of $66 million grew 17% year-over-year [7] - Adjusted EBITDA margin increased by 33 percentage points year-over-year [7] - Adjusted EBITDA loss was $1 million or a negative 2% margin, reflecting a 33 percentage point year-over-year improvement [26] - Productivity, measured by revenue per employee, increased by more than 60% year-over-year [27] - Cash, cash equivalents, and marketable securities totaled $425 million with zero debt [27] - Share repurchases of 8 million shares were executed during the quarter, reducing the fully diluted share count by 5% year-to-date [28] Business Line Data and Key Metrics - The Nextdoor Ads platform saw improved advertiser performance, driving better revenue retention, particularly in the mid-market self-serve channel [8] - Click Optimization drove an 82% increase in click-through rates and a 16% reduction in cost per click for campaigns using the feature [10] - Search campaigns targeting users based on their search history saw an over 10x return on ad spend compared to standard Nextdoor campaigns [25] Market Data and Key Metrics - U.S. WAU growth increased 16% year-over-year [20] - User growth was driven by engaging previously inactive users, personalized content delivery using machine learning, and timely notifications during major events [21][22] Company Strategy and Industry Competition - The company is focusing on three key areas: driving revenue growth, improving operational discipline, and transforming the product with the NEXT initiative [6][11][13] - NEXT aims to broaden the platform's focus from intent-centric interactions to include discovery-centric interactions, with a long-term goal of making Nextdoor the essential network for local communities [14][16] - The company hired Georg Petschnigg as Chief Design Officer to improve the user experience and accelerate product transformation efforts [18] - The company is aware of competition from Facebook Marketplace but is prioritizing NEXT before further investing in marketplace features like For Sale & Free [34][35] Management Commentary on Operating Environment and Future Outlook - The company expects full-year 2024 revenue of $245 million, implying 12% year-over-year growth, and adjusted EBITDA margin improvement approaching 25 percentage points year-over-year [29] - For Q4 2024, the company expects revenue of approximately $63 million, adjusted EBITDA loss of $2 million, and positive free cash flow generation [30] - The company remains committed to disciplined capital allocation and strategic investments in the business [27][28] Other Important Information - The company is leveraging machine learning to deliver more personalized content and improve advertiser performance [9][22] - The NEXT initiative is expected to show meaningful product-related progress by mid-2025 [17] Q&A Session Summary Question: Balancing organic growth strategies with paid marketing levers and updates on marketplace features - The company is almost solely focused on organic user acquisition, with minimal and decreasing paid marketing efforts [34] - The NEXT initiative will initially focus on expanding intent to include discovery, with marketplace features like For Sale & Free being a future priority [35] - Sales and marketing as a percentage of revenue decreased by 14 points year-over-year, reflecting the company's progress at scale [36] Closing Remarks - The company highlighted its growth in WAU and revenue, improved advertiser performance, and operational efficiency [39] - NEXT is positioned as the future of Nextdoor, with a focus on combining intent and discovery to create a powerful value proposition [40]

Nextdoor Holdings, Inc. (KIND) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.06, delivering a surprise of 14.29%.Over the last four quarters, the company has sur ...

User Engagement - Weekly Active Users (WAUs) increased by 13% to 45.9 million for the three months ended September 30, 2024, compared to 40.4 million in the same period of 2023[113] - Revenue increased by $9.5 million, or 17%, for the three months ended September 30, 2024, compared to the same period in 2023, primarily due to increased advertiser spending and a 13% increase in Q3 WAUs[141] - The company anticipates continued growth in revenue driven by increased user engagement and advertiser spending in the upcoming quarters[141] Financial Performance - Revenue for the three months ended September 30, 2024, was $65.6 million, representing a 17% increase from $56.1 million in the same period of 2023[113] - Revenue for the nine months ended September 30, 2024, was $182.0 million, an increase of 12% compared to $162.8 million in the same period of 2023[113] - Adjusted EBITDA for the nine months ended September 30, 2024 was $(21.31) million, an improvement from $(60.07) million in the same period of 2023[173] Cost Management - Total costs and expenses decreased by 14% to $86.4 million for the three months ended September 30, 2024, compared to $100.5 million in the same period of 2023[114] - Research and development expenses for the three months ended September 30, 2024, were $31.9 million, down from $39.6 million in the same period of 2023[138] - Sales and marketing expenses decreased by $4.4 million, or 14%, for the three months ended September 30, 2024, primarily due to a decrease in personnel-related costs[147] Net Loss and Adjusted EBITDA - Net loss for the three months ended September 30, 2024, decreased by 61% to $14.9 million, down from $38.1 million in the same period of 2023[115] - Adjusted EBITDA loss for the three months ended September 30, 2024, decreased by 93% to $1.3 million, compared to $19.8 million in the same period of 2023[116] - The company reported a net loss of 23% for the three months ended September 30, 2024, compared to a net loss of 68% for the same period in 2023[140] Cash Flow and Securities - Cash, cash equivalents, and marketable securities totaled $424.7 million as of September 30, 2024[116] - The company generated negative cash flows from operations, with cash used in operating activities amounting to $31.96 million for the nine months ended September 30, 2024[162] - Cash provided by investing activities for the nine months ended September 30, 2024 was $93.41 million, primarily from maturities and sales of marketable securities[165] Share Repurchase - The company repurchased and retired 30.0 million shares of Class A common stock for an aggregate repurchase price of $73.3 million during the nine months ended September 30, 2024[161] Tax and Other Income - Provision for income taxes decreased by $0.1 million, or 42%, for the three months ended September 30, 2024 compared to the same period in 2023[155] - Other income (expense), net increased by $0.5 million for the three months ended September 30, 2024, primarily due to periodic re-measurement of monetary assets and liabilities[153] - Other income (expense), net increased by $0.8 million for the nine months ended September 30, 2024 compared to the same period in 2023[154] Future Expectations - The company expects to incur significant research and development, sales and marketing, and general and administrative expenses over the next several years[158] - As of September 30, 2024, the company had an accumulated deficit of $852.0 million[158]

Exhibit 99.1 | --- | --- | --- | |-------------------------------|----------------------|-------| | | | | | | | | | | | | | Letter investors.nextdoor.com | Nextdoor Shareholder | | | | Q3 2024 | | A Letter from Our CEO Dear Shareholders: We made solid progress in Q3, driving improved business results and advancing the future of Nextdoor with NEXT. Of course, we have much work ahead, and continue to be deeply committed to building the right foundation to unlock longterm value. Here are some specific updates: ...

The iconic cracker brand launches light, flaky, buttery Club® Sweet Hawaiian crackers with the perfect hint of sweetness and brings limited-edition Cinnamon Sugar Club® Minis to shelves just in time for the holidays CHICAGO, Oct. 16, 2024 /PRNewswire/ -- Club® Crackers is bringing a touch of sweetness to their signature light, flaky and buttery crackers with a brand-new flavor: Club® Sweet Hawaiian. For fans of the popular Hawaiian rolls, Club® Sweet Hawaiian marks an exciting first-of-its-kind expansion of ...