Klarna's Record Revenue, Loan Growth, and Ambitious Goals
Update: 2025-11-18
Description
Klarna, the Swedish payments giant, reported record revenue of $903 million in Q3, a 26% increase from last year and surpassing analyst predictions. Despite a net loss of $95 million due to loan provisions, Klarna is expanding its long-term credit offerings, which have grown by 139% globally and 244% in the US. The company now has 114 million active customers and 850,000 merchant partners, including Uber, H&M, and Macys. Klarnas CEO, Sebastian Siemiatkowski, assured that the loan book quality remains stable.
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