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New words:
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Financial report summary
?Competition
Nextdoor Holdings Inc - Ordinary SharesManagement Discussion
- Given macroeconomic and other factors discussed above under “—Key Trends and Uncertainties,” financial performance for prior and current periods may not be indicative of future performance.
- The increase in revenue was primarily due to a 20% increase in the number of bookings on our platform as a result of new pet parent growth and increased repeat bookings. The remainder of the increase was due to the continuation of a shift of all U.S. pet parents to an 11% fee structure, a 4% increase in ABV due to increased prices set by pet care providers, and a decrease in cancellation rates from 14.2% in the three months ended September 30, 2022 as compared to 13.3% in the three months ended September 30, 2023, and an increase in provider onboarding revenue driven by an increase in pet care providers joining the platform.
- The increase in revenue was primarily due to a 22% increase in the number of bookings on our platform as a result of new pet parent growth and increased repeat bookings. The remainder of the increase was due to a 5% increase in ABV due to increased