Klarna reports for Q2-2023

Klarna reported for Q2-2023 today. It had 5.5 billion SEK in Q2 revenue and a -0.9 billion SEK net loss (on an IFRS basis), with May profitable on a stand-alone basis. It is clear that Klarna by growing revenue in the 15-20 % year-over-year range and having made cost cuts is moving in the direction of becoming profitable, quite likely in Q3 or Q4 this year.

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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