Klarna Finally Posts a Profit After IPO — But Its Outlook Gives Wall Street a Reason to Wait
Klarna Group plc finally posted a quarterly profit—the company’s first since debuting on the New York exchange—with revenue topping $1 billion. But investors didn’t get the all-clear, as management’s softer second-quarter guidance kept enthusiasm in check and signaled the post-IPO hangover isn’t over yet. Shoppers kept spending: gross merchandise volume jumped 33%, hitting $33.7 billion. The Swedish buy now, pay later outfit, which lets users split payments, continues to scale.
