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Neighborhood social network Nextdoor reported revenue of $55 million in the second quarter of 2022, up 19% from the same period last year.
Nextdoor revealed that it was going public last July, entering into a definitive agreement with Khosla Ventures Acquisition Co. II, a special purpose acquisition company sponsored by an affiliate of Khosla Ventures.
The company said its revenue for the period reflected continued engagement by its users, more ad impressions served and strength from midmarket advertisers across a range of campaign objectives.
Nextdoor saw growth in a range of verticals including home services, technology, telecommunications and travel, offset by slowdowns in finance, quick-serve restaurants, real estate and retail, citing “a reflection of rising macroeconomic uncertainty, inflation and labor shortages.”