March 2023

Disclaimer
Certain statements in this presentation may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In
some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “project,” “target,” “plan,” or “potentially” or
the negatives of these terms or variations of them or similar terminology. These statements include, but are not limited to, statements regarding our future performance and our market opportunity, our
business strategy and plans, and our objectives and future operations, including our expansion into new markets. Forward-looking statements are based upon various estimates and assumptions, as well as
information known to us as of the date of this investor presentation, and are subject to risks and uncertainties. Accordingly, actual results could differ materially due to a variety of factors, including: our
ability to scale our business and monetization efforts; our ability to expand business operations abroad; our limited operating history; risks associated with managing our growth; our ability to achieve and
maintain profitability in the future; the effects of the highly competitive market in which we operate; our ability to attract new and retain existing customers and users, or renew and expand our relationships
with them; our ability to anticipate and satisfy customer preferences; market acceptance of our platform; our ability to successfully develop and timely introduce new products and services; our ability to
achieve our objectives of strategic and operational initiatives; cybersecurity risks to our various systems and software; the impact of privacy and data security laws; and other general market, political,
economic, and business conditions, including those related to inflation, rising interest rates and the ongoing COVID-19 pandemic. Additional risks and uncertainties that could affect our financial results and
business are more fully described in our Annual Report on Form 10-K for the period ended December 31, 2022, filed with the SEC on February 28, 2023, and our other SEC filings, which are available on the
Investor Relations page of our website at investors.nextdoor.com and on the SEC’s website at www.sec.gov. All forward-looking statements contained herein are based on information available to us as of the
date hereof and you should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or
occur. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements. We undertake no obligation
to update any of these forward-looking statements for any reason after the date of this investor presentation or to conform these statements to actual results or revised expectations, except as required by
law. Undue reliance should not be placed on the forward-looking statements in this investor presentation.

This presentation includes certain non-GAAP financial measures (including on a forward-looking basis). These non-GAAP measures are in addition to, and not a substitute for or superior to, measures of
financial performance prepared in accordance with GAAP and should not be considered as an alternative to their nearest GAAP equivalent or any other performance measures derived in accordance with
GAAP. A reconciliation of the non-GAAP financial measures used in this Presentation to their nearest GAAP equivalent is included in the Appendix to this Presentation. Nextdoor believes that these
non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about Nextdoor. Nextdoor’s management uses forward-looking
non-GAAP measures to evaluate Nextdoor’s projected financials and operating performance. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest
GAAP equivalents, including that they exclude significant expenses that are required by GAAP to be recorded in Nextdoor’s financial measures. In addition, other companies may calculate non-GAAP
measures differently, or may use other measures to calculate their financial performance, and therefore, Nextdoor’s non-GAAP measures may not be directly comparable to similarly titled measures of other
companies. Additionally, to the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP
measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations.

2
 3

Nextdoor is the
neighborhood network
Network effects with online & offline connection is unique

1 in 3 Each social link is highly valuable because most commerce is local

U.S. Households
Secular shift towards digital advertising, future new revenue models

11 Many vectors for sustained revenue growth

Countries
High barrier to entry: network difficult & time consuming to build

40M Only digital neighborhood network: purpose-driven & authentic

Weekly Active Neighbors
(WAUs) Proven team: set up for growth at scale

U.S. household data as of 12/31/2022. WAUs reflect the average for the quarter
ended 12/31/2022.
 4

Q4’22 highlights
1.7M global WAU added QoQ, with >1M in the U.S.

11% Global sessions1 growth continues to outpace WAU growth, driven by

new ML models
YoY WAU growth
>50% of WAU return daily

>78M Launched Events & Events Map within the Discover surface
Verified Neighbors
Advertisers seeing results across a broad range of objectives; >60% of
spend toward Direct Response campaigns2

18% Cash balance of >$580M will fund long-term growth

YoY growth in managed
accounts

1. Sessions defined as the period of time a user is active on the site or app and views at least one piece of content.
Verified Neighbors, WAU, and customer accounts as of 12/31/2022. As of Q4’22 If a user is inactive for 5 minutes or more, any future activity is attributed to a new session.
earnings on 2/28/2023, we disclosed we had reached nearly 80M Verified Neighbors. 2. Direct response spend mix based on data from advertisers who report campaign objectives.
 OUR PURPOSE

To cultivate a kinder world

where everyone has a
neighborhood they can rely on

5
5
Building Active Valued
Communities
73% say neighbors are the
most important
community in their lives(1)

75% of neighbors agree

Nextdoor makes them feel
connected to their
community(2)

91% of neighbors say

supporting local businesses is
important to them(3)

(1) Nextdoor Insights Series; (2) Source: Nextdoor Survey, 07/2022;

(3) Neighbor Trends Survey (Alida, Dec '22).
 7

People interact with and rely on their neighborhoods every day

Newsfeed Discover Connections For Sale & Free Notifications

 8

Strong competitive moat that brings together all

neighborhood stakeholders…

Real people
Local
Businesses Hyperlocal proximity
Analytics
Trusted information
Civic
Engagement
Local perspective Public
Instant distribution
Neighbors Agencies Publishing
Local
Recommendations Help me plug in Verified people Tools

& info
Local
Groups
Businesses Instant
Messaging
Local
Marketplace
Hyperlocal at scale

Connections & Instant

Faves Distribution

Word-of-Mouth Two-way
Recommendations Channel

Data/
Targeting
 9

….With emerging Organic Paid

viral growth Neighbors Organizations VNs Pages Partnerships

loops Content Growth Loop Invite Growth Loop

Social/Email SEO Partnerships Neighbor Pages Community

Neighbors & Organizations

Total WAU

Content Engmt Loop Sessions & Impressions

Email Organic Push

Contributions Connections
 10

Enduring retention combined with strong network effects...

Our path to engagement

growth is proven:

After two years >50% of

our audience remains
engaged

Nearly 3x increase in
weekly engagement as
more neighbors join

Engagement defined as % of U.S. Verified Neighbors Active Weekly on platform. Data as of 12/31/2022.
 11

...With an audience that finds distinct value on Nextdoor

% of people who visit Nextdoor at least once per month but do not visit this social media platform at
least once per month

Source: GWI data as of Q4 2022.

 12

Nextdoor is one of the most frequently used consumer products

Source: Sensor Tower from 2/19/2022 - 2/20/2023. DAU/WAU ratio based on DAU and WAU averages over the 12-month time period. Nextdoor DAU/WAU based on internal data from 2/19/2022 -
2/19/2023. DAU defined as a Nextdoor user who starts a session or opens a content email on a given day. WAU defined as a Nextdoor user who opens our application, logs on to our website, or engages with
an email with monetizable content at least once during a defined 7-day period.
 13

We can ~4x our reach just by reaching global penetration

in-line with our more mature U.S. neighborhoods

>300M
Households
+100M Households
Future opportunities in 11 existing markets
>200M (U.S. / International)
Households
+150M Households
Next opportunity for additional
households at 65% penetration
(U.S. / International)
>55M
Households >55M Households
claimed in 11 existing markets
(U.S. / International)

Source: U.S. Census, Statista and Statistics Canada. Nextdoor household data as of 12/31/2022. U.S. only, excludes members in pilot neighborhoods.
Claimed residences have at least one Current Verified Neighbor (CVN) at the residence. Some figures may not sum due to rounding.
 14

A verified daily audience with significant monetization potential

U.S. DAU and ARPU1

99M
U.S. DAU

33M
(est.)

15M

$13 $32 $69 (est.)

U.S. Average Revenue per User (ARPU)
Annual Revenue per DAU

Source: Nextdoor data is based on 2022. Total WAU in FY22 was ~38M. Average US % of total WAU was ~80%. DAU/WAU is ~50% = 15M U.S. DAU in FY22.
Comparison is illustrative as each company calculates daily active users differently. Snap includes U.S., Canada, Mexico, the Caribbean and Central America. Nextdoor includes the U.S. only. PINS DAU is
an estimate based on U.S. and Canada MAU reported by PINS.
1. Snap DAU and ARPU figures reflect data provided in their 2022 10-K.
 15

Digital advertising TAM represents $800B+ opportunity

Large
Adjacent
$786B Markets
47%
Global
Growth Classifieds
$533B
Global
Home services

Local commerce

$362B Local events

$234B U.S.
U.S.
Real estate

2022 TAM 2026 TAM

Source: Global and US digital ad markets, eMarketer January 2023.
Note: Digital advertising market is based on eMarketer U.S. ad spend and excluding B2B, which represents 6% of digital ad
spend in 2022. Global advertising market includes annual ad spend across all countries world-wide and is not adjusted to
Nextdoor’s existing 11 markets. For both 2022 and 2026, assumes 6% B2B share across all global markets.
 16

Social commerce is a The influencer in your

huge opportunity neighborhood is right next door

72%
of neighbors have been influenced by
71%
of neighbors have shared
a neighbor recommendation(1) a recommendation (1)

84%
of neighbors travel 10 miles or less for
>6M
businesses with recommendations
their everyday purchases(1) on Nextdoor(2)

78%
of neighbors patron or hire a local
business at least once a month(3)

Source: (1) Online survey of U.S. Nextdoor neighbors from March 2022; (2) Nextdoor internal data as of 12/31/22.
Recommendations include hearts, Faves, and written recommendations. ; (3) Neighbor Trends Survey (Alida, Dec '22).
 17

Full funnel approach helping neighbors

from awareness to action

Awareness Sponsored Maps

& Discovery Posts
Local context means Nextdoor
content is relevant

Intent & Nextdoor Nextdoor

Influence Ads Ads
Get more messages Increase website visits
First-party data creates
efficient targeting

Action Nextdoor For Sale

Opportunities to
Ads & Free
Promote a deal /
purchase and discount
act with ease
 18

Nextdoor’s audience drives

differentiated results
Goal
Renault sought to reach neighbors with
relevant messaging in local context to
advertise their Megane EV model. Their
goal was two-fold: driving both
awareness and sales.

Results

26%
Nextdoor neighbors in
111% 22%
the U.K. are 26% more above industry above industry
likely* to own an benchmark for benchmark for
electric vehicle
attention quality viewability

Sources: Oracle Moat Analytics, GWI Core, UK, Q1-Q4 2022 /

*more likely than the average Internet user in the UK
 19

Connecting neighbors and organizations

with highly relevant information
Global / national brands
Hyperlocal targeting &
creative at scale
>1,000 enterprise & mid-market brands
SMBs / neighbors for hire Public agencies / utilities
Discovery by relevant Verified distribution with
audiences flexible targeting
3.6M claimed business pages >5,500 public agencies on platform

Customer data
as of 12/31/22.
 20

Expanding the suite of tools for businesses to

create campaigns on Nextdoor
Hyperlocal Targeting Simplified Advertiser Performance Insights
Experience
 21

Why Nextdoor wins: We are the neighborhood network,

strong network effects, and clear monetization potential
Nextdoor =
Nextdoor is where you plug into the neighborhoods that matter to you.
Neighborhoods

Purpose-driven brand Purpose-driven brand — promotes growth, differentiates the business, and aligns the organization.

Global relevance 40M weekly active neighbors across 11 countries. Almost 80M verified neighbors today.

Unique value prop Built on trusted information, physical proximity, and uniquely local perspective.

Significant global
Everyone is a neighbor. Near-term opportunity to add 150M households globally.
addressable market

Product innovation 10+ years of singular focus on all things neighborhood provides utility that can’t be replicated.

Multiple drivers of Full funnel value prop, with majority of campaigns performance focus. Expanding advertiser base (via
monetization mid-market) and ad platform development ahead.

All data as of 12/31/2022, except Verified Neighbors, as of Q4’22 earnings on 2/28/2023.

 22

Experienced leadership team

Heidi Andersen Mike Doyle Sarah Friar Craig Lisowski

Head of Revenue Chief Financial Officer Chief Executive Officer Head of Data, Information,
Systems and Trust

John Orta Bryan Power Kiran Prasad Antonio Silveira

Chief Legal Officer & Head of People Head of Product Head of Engineering
Head of Corp Dev
 23

Seasoned Board of Directors

John Hope Bryant Sarah Friar Bill Gurley Leslie Kilgore Mary Meeker
Entrepreneur, founder, chairman, Chief Executive Officer Benchmark Former Netflix CMO Bond
CEO, author, activist

Jason Pressman David Sze Nirav Tolia Chris Varelas Andrea Wishom
Shasta Ventures Greylock Capital Co-Founder Riverwood Capital President, Skywalker
Holdings
Monetization
and Outlook
 25

Financial highlights

Differentiated products with contextual relevance enable sustainable growth

High levels of neighbor retention enable consistent growth

Network effects increase WAU engagement as penetration increases

Multiple levers for long-term ARPU growth provide continuing opportunity to increase monetization

Multiple under-monetized products creating potential for significant upside in growth

Significant opportunity to monetize in rapidly growing international markets

 26

Growing base of engaged users...

Annual Quarterly
Avg. Weekly Active Users (WAU)

19% 22% 40.0M

2020–2022 CAGR Q4 2019–Q4 2022 CAGR
38.0M
35.9M 8.3M
7.7M
31.3M 6.4M

26.7M 5.5M 27.1M 31.7M

30.2M 29.5M
3.9M 25.9M 22.2M 4.3M
22.8M 2.9M 22.8M
19.3M

+22% +32% +11%

2020 2021 2022 Q4 2019 Q4 2020 Q4 2021 Q4 2022

U.S. International

WAU defined as a Nextdoor user who opens our application, logs on to our website, or engages with an email with monetizable content at least once during a defined 7-day period.
Some figures may not tie due to rounding.
 27

...Driving long-term revenue growth...

Annual Quarterly

31% 28%
2020–2022 CAGR Q4 2019–Q4 2022 CAGR
$213M $59M
$192M $53M

$40M
$123M

$26M

+57% +48% −10%

2020 2021 2022 Q4 2019 Q4 2020 Q4 2021 Q4 2022

Some figures may not tie due to rounding.

 28

...And increasing levels of monetization

Annual Quarterly
Avg. Revenue Per Weekly Active User (ARPU)

10% 5%
2020–2022 CAGR Q4 2019–Q4 2022 CAGR
$6.13 $1.65
$5.60 $1.48
$1.33
$4.62
$1.16

28% 12% –19%

2020 2021 2022 Q4 2019 Q4 2020 Q4 2021 Q4 2022

ARPU shown above is calculated as total global revenue divided by the average total global weekly active users (WAU) in the period.
 29

Viral growth loops reinforce the strength of our model

Increased Scale

Improved unit economics, Increased reach

reinvestment for growth & & engagement
product expansion

Neighbors Public
Agencies

Businesses

Improved advertiser Enhanced advertiser

retention & platform performance & additional
activity monetization revenue opportunities
 30

Non-GAAP operating expenses reconciliation

2021A 2022A

Operating Expenses
Cost of revenue $28.8M $39.0M
Sales and marketing 106.4M 123.2M
Research and development 97.1M 127.1M
General and administrative 54.7M 67.7M

Total GAAP Operating Expenses $287.0M $357.0M

(-) Depreciation and amortization ($4.2M) ($5.7M)

(-) Stock-based compensation (47.5M) (64.4M)

Non-GAAP Operating Expenses $235.3M $286.9M

% of Total Revenue 122% 135%
% Growth 35% 22%

Some figures may not tie due to rounding.

Appendix
 32

Adjusted EBITDA reconciliation

2021A 2022A

Net Loss $(95.3M) ($137.9M)

Depreciation and amortization 4.2M 5.7M

Stock-based compensation 47.5M 64.4M

Interest (0.2M) (9.3M)

Provision for income taxes 0.2M 1.7M

Acquisition-related costs – –

Adjusted EBITDA $(43.7M) ($75.5M)

Some figures may not tie due to rounding.

Definitions 33

Metrics Definition

U.S. Household A single (U.S.) residence containing at least one Current Verified Neighbor

The number of active Launched (10+ member) neighborhoods. A “neighborhood” is a specific geographic area with a defined
Neighborhoods
boundary. Neighborhoods do not overlap.
The number of neighbors who are verified in a valid Launched (10+ member) or Pilot (< 10 member) neighborhood, and in good
Verified Neighbors/Users
standing (i.e. not deleted, deactivated, or suspended.)

Daily Active Users (DAU) Count of unique neighbors who have started a session or opened a content email on a given day

Weekly Active Users (WAU) Count of unique neighbors who have started a session or opened a content email over the trailing 7 days

Monthly Active User (MAU) Count of unique neighbors who have started a session or opened a content email over the trailing 30 days

Engagement Used to refer to neighbor activity — usually WAU unless otherwise specified

Neighborhood penetration U.S. Households (see above) divided by the total number of Households (claimed or otherwise) in the neighborhood.

Local Business Claimed Pages Local business pages that have been claimed by a Nextdoor partner

Total Addressable Market (TAM) Digital advertising spend in the U.S. excluding B2B (not addressable by Nextdoor). Source: eMarketer