Klarna Finally Posts a Profit After IPO — But Its Outlook Gives Wall Street a Reason to Wait
Klarna reported its first quarterly profit since its New York IPO, with Q1 revenue up 44% to $1 billion and net income of $1 million. Gross merchandise volume rose 33% to $33.7 billion. Shares jumped 12.6% in premarket trading. The company forecast Q2 revenue of $960 million to $1 billion, below analyst estimates.