Nextdoor Revenue Forecast Falls Short as Advertisers Tighten Belts

Nextdoor Holdings Inc. reported a sales outlook that missed analysts’ estimates, saying business conditions are worse than it previously expected.

The company’s revenue in the current quarter will be between $53 million and $55 million, according to a statement Tuesday. That fell short of the $64.6 million average analyst estimate. Its annual revenue projection also missed estimates.