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Klarna Posts Q2 Profit, Revenue Growth, Trims Volume Outlook
The Swedish buy now, pay later company beat Wall Street forecasts as quarterly net profit reached $9 million and U.S. gross merchandise volume rose 27%.
- On Tuesday, Swedish 'buy now, pay later' provider Klarna Group plc reported a $9 million second-quarter profit, beating analyst expectations of a net loss.
- April-June revenue grew 27% to $1.04 billion, surpassing Wall Street expectations of $993.8 million as international market expansion drove the performance.
- Quarterly net profit reached $9 million, a turnaround from a $53 million loss in the year-earlier period, while adjusted operating income hit $91 million.
- Gross merchandise volume rose 18% to $36.6 billion; however, Klarna trimmed its full-year GMV forecast to $149 billion–$151 billion due to German market softness.
- Klarna projects full-year revenue between $4.08 billion and $4.16 billion, positioning the company to sustain profitability despite macroeconomic headwinds in key European markets.
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Total News Sources20
Leaning Left1Leaning Right5Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
C 54%
R 38%
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