Sep. 9 at 10:56 PM
$KLAR - Key takes from the conference call:
• U.S. is now Klarna’s largest market by revenue, with ~30M users and 27% volume growth.
• Apple is already live, while Southwest is still waiting to ramp.
• Klarna Card has reached 6.5M active users.
• Fair Financing continues to expand through major partners like Apple and Walmart.
• Q2 revenue +27%, Transaction Margin Dollars +42%, ARPU +24% YoY.
• Sebastian emphasized that Transaction Margin Dollars matter more than short-term GMV fluctuations.
• U.S. margins are improving, with significant upside as the market matures.
• AI is driving major efficiency - revenue per employee has increased from ~
$400K to ~
$1.4M.
• Klarna’s SKU-level purchase data and OpenAI partnership could position the company very well for agentic commerce.
• Stripe, JPMorgan, Worldpay and other PSP partnerships could dramatically expand Klarna’s merchant reach.
Very exciting to see how the Apple partnership develops from here. 🚀
