Klarna Group Swings to Profit in Q2, Revenue Rises

MT Newswires Live

Aug 18

Klarna Group (KLAR) reported Tuesday it swung to Q2 earnings of $0.01 per diluted share, from a loss of $0.14 a year earlier.

Analysts polled by FactSet expected a loss of $0.06 per share.

Revenue for the quarter was $1.04 billion, up from $823 million a year earlier.

Analysts had expected revenue of $996.5 million.

The company said it expects Q3 revenue of $940 million to $980 million.

Analysts polled by FactSet expect $1.11 billion.

Klarna expects full-year 2026 revenue of $4.08 billion to $4.16 billion, down from its prior outlook of greater than $4.34 billion.

Analysts polled by FactSet expect $4.42 billion.

Klarna stock fell 18.6% in premarket trading.

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