BNPL service Klarna nears profitability ahead of possible IPO
- Klarna almost reached the breakeven level for 9M
- Klarna's loss for 9M. 2024 decreased to $180 th
- For the same period a year ago the loss was $161 mln
- The service's revenue grew by 23% to $1.9 bln
- Earlier, the Swedish service applied for an IPO
- It is not clear yet how many shares and at what price will be offered
- Analysts estimate BNPL service at $14.6 bln
- Net income for Q3 2024 was $19.7 million (+57%)
- This was the second consecutive profitable quarter for Klarna
- Klarna serves 85 mln customers worldwide
- 600,000 organizations are partners of the service
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