Overview
- Revenue reached $903 million versus $882 million expected, up 26% year over year in the company’s first earnings since its NYSE debut.
- Klarna posted a net loss of $95 million, reversing from $12 million in net income a year earlier.
- Gross merchandise volume rose 25% to $32.7 billion, led by a 43% surge in the United States.
- Klarna Card surpassed four million customers and accounted for 15% of October transactions, while fair financing more than tripled GMV and doubled users with only about one-fifth merchant penetration.
- Fourth-quarter guidance calls for GMV of $37.5 billion to $38.5 billion, revenue of $1.065 billion to $1.08 billion, and transaction margin dollars of $390 million to $400 million.