The news: Nextdoor reported solid Q3 results, driven by growth in user engagement and revenues. The company is also advancing its transformation project called Next, which aims to reshape the user experience and expand its focus.

By the numbers:

• Revenues: up 17% YoY to $66 million, reflecting growth in self-serve ad revenues and re-engagement of enterprise advertisers.
• Total Weekly Active Users (WAU): 45.9 million, up 13% YoY, showing strong engagement.