Nextdoor Stock Is Slipping. Sales Were Strong but Investors Weren’t Impressed.

Nextdoor posted better-than-expected results for the fourth quarter, as the locally focused social-media company inches closer to profitability.

For the quarter, Nextdoor (ticker: KIND) reported revenue of $59 million, up 48% from a year ago, and ahead of the Street consensus at $55.4 million. The company had a net loss in the quarter of $29 million, or 11 cents a share; as measured by adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, the company lost $8 million. The company’s adjusted Ebitda…