Klarna’s Quarterly Net Loss Widens After 64% Surge in Provisions

Klarna’s Quarterly Net Loss Widens After 64% Surge in Provisions

Klarna Group Plc had to set aside more money for potentially souring loans in the second quarter, a move that put pressure on profits ahead of its expected public debut.

Klarna's losses worsen as provisions jump ahead of IPO

Buy now, pay later giant Klarna reported a surge in losses for the second quarter as provisions for bad loans climbed higher. The Swedish fintech unicorn posted a 64 per cent jump in provisions to $174m (£128m), up from $106m for the same period in 2024. This helped offset revenue growth of 20 per cent to $824m taking losses for the three months ending June to $53m. This was up from an $18m pretax loss for the second quarter of 2024 and follows …