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3d ago

Klarna Reports Q1 Revenue Growth but Doubles Net Loss as IPO Plans Remain Stalled

The fintech giant saw a 15% rise in revenue and a small adjusted profit, but net losses surged to $99 million due to one-off costs and restructuring.

A sign is pictured at the entrance of Klarna's headquarters in Stockholm, Sweden on May 25, 2022. REUTERS/Supantha Mukherjee/File Photo
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Overview

  • Klarna's Q1 2025 revenue increased by 15% year-on-year to $701 million, driven by strong U.S. performance with 33% growth in that market.
  • The company posted a $3 million adjusted profit, marking its fourth consecutive quarter of underlying profitability.
  • Net losses for the quarter more than doubled to $99 million, attributed to one-time costs including depreciation, share-based compensation, and restructuring expenses.
  • Klarna's U.S. IPO plans remain on hold due to market uncertainty linked to economic conditions and recent tariff policies.
  • The company now boasts 100 million active users and over 724,000 merchant partners globally, reflecting ongoing expansion despite financial challenges.