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Klarna Revenue Soars 26%, Nears $1 Billion Milestone
18 Nov
Summary
- Klarna reported a 26% revenue increase in the third quarter.
- The fintech's revenue reached $903 million, exceeding forecasts.
- The company anticipates crossing $1 billion in revenue this quarter.
Swedish fintech firm Klarna has reported a robust 26% surge in its third-quarter revenue, a performance that exceeded analyst projections and was highlighted in its initial financial disclosure as a publicly traded entity. The company's revenue for the quarter reached $903 million, demonstrating significant financial momentum.
Buoyed by this success, Klarna anticipates its revenue will surpass the $1 billion mark within the current quarter. This optimistic outlook is largely attributed to the company's expanding operations and increasing market share within the United States.
While the revenue figures show substantial growth, Klarna did record a net loss of $95 million during the same period. This contrasts with a profit of $12 million reported in the corresponding quarter of the previous year.
