Khosla Ventures Acquisition Co. II (KIND) reports revenue at $53.15 million, raises guidance

Khosla Ventures Acquisition Co. II (NYSE: KIND) reported revenue for the quarter came in at $53.15 million versus the consensus estimate of $47.59 million.

"Our advertising platform is driving higher self-serve customer spend and retention, our reduced cost base is unlocking margin improvement, and our balance sheet, with nearly $500 million of cash and investments, remains a strength. Given that momentum, we have increased our full-year adjusted EBITDA guidance and accelerated our timeline for generating positive free cash flow by 12 months. I am excited about our trajectory and renewed focus, and am confident that Nextdoor is well-positioned for the next phase of our growth." said Nextdoor Executive Chair and incoming CEO Nirav Tolia.

For earnings history and earnings-related data on Khosla Ventures Acquisition Co. II (KIND) click here.

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