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  "documentTitle": "Nextdoor | Investor Presentation Deck | 36 slides",
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  "presentationDate": "2024-09-01 00:00:00",
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      "text": "All data as of 6/30/2024. Sessions are defined as the period of time a user is active on the site or app and views at least one piece of content. If a user is inactive for 5 minutes or more, any future activity is attributed to a new session.",
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      "text": "User Growth & Engagement: Top of funnel user acquisition is strong and almost entirely organic. Engagement, which is measured via session depth, again hit an all-time high in Q2'24.",
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      "text": "Capital Allocation: Organic investments and share repurchases are top priorities: focused investment strategy drives faster growth, reduced cash burn.",
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      "text": "Advertiser Growth & Retention: Nextdoor Ads Platform driving retention: in Q2'24, we retained 96% of top 50 customers y/y. Mid-market self-serve net recurring revenue improved by double-digits y/y.",
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      "text": "Monetization: Nextdoor Ads Platform drives improved advertiser outcomes & unlocks faster revenue growth: self-serve advertiser revenue grew +40% y/y in Q2'24.",
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      "text": "Efficiency: Doing more with less: revenue/employee grew >50% y/y in Q2; further productivity gains remain.",
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      "text": "And multiple paths to value creation",
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