STOCKHOLM, Feb 19 (Reuters) – Swedish “buy now, pay later” services provider and online bank Klarna swung to a net loss in the fourth quarter and gave weaker-than-expected guidance for 2026 as fast growth also hiked costs, sending the U.S.-listed group’s shares down 23% in early trade on Thursday.
Klarna’s net loss for the October to December period stood at $26 million against a profit of $40 million a year earlier, missing an average forecast loss of $9.8 million expected in an LSEG poll of analysts.
Klarna CEO Sebastian Siemiatkowski said that the company’s rapid growth weighed on results as costs were booked up front while the revenue and profit would come later.
“As growth comes down a little bit, that will start to play out very favourably,” Siemiatkowski told Reuters.
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https://finance.yahoo.com/news/swedens-klarna-surpasses-1-billion-123233703.html
Klarna beats all metrics, sees 38% revenue growth, 28% new customer growth to 180 million – Stock dumps 25% in response
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