Klarna reports 15% revenue growth in Q1, with US business growing by 33%
From Yahoo Finance: 2025-05-19 07:46:00
Swedish fintech Klarna reported 15% revenue growth in Q1, with adjusted earnings turning to profit. The company paused IPO plans last month amid economic uncertainty.
Klarna had initially planned to go public in November 2024 but halted plans in April due to recession fears and tariff uncertainty. The company did not provide an update on the IPO plan.
Revenue in the US grew by 33% year-on-year, driven by partnerships with major retailers. Klarna has 100 million active customers and operates in 26 countries.
Britain announced plans to regulate buy now, pay later lenders to protect shoppers. Klarna remains well-positioned to adapt to changes in the economic environment.