Investing News and Headlines

Klarna Delivers $1bn Quarter but Shareholder Returns Take Beating

Klarna posted a record fourth‑quarter revenue of just under $1 billion, a 38% year‑on‑year rise, while gross merchandise volume hit $38.7 billion, up 32%. Active customers grew to 118 million, and the firm continued its push to become a full‑service bank. Despite the top‑line growth, the company logged a $26 million loss in Q4 and a $273 million full‑year deficit, with its share price tumbling more than 55% since the September IPO. The losses stem primarily from higher loan‑provisioning costs and rising capital expenses tied to its fair‑financing expansion.