Klarna doubles losses in first quarter as IPO rest on accumulation

Klarna noticed its losses leap within the first quarter because the prevailing purchase now, pay then company applies the brakes on a hotly expected U.S. preliminary crowd providing.

The Swedish bills startup stated its internet loss for the primary 3 months of 2025 totaled $99 million — considerably worse than the $47 million loss it reported a yr in the past. Klarna stated this used to be because of a number of one-off prices alike to depreciation, share-based bills and restructuring.

Revenues on the company greater 13% year-over-year to $701 million. Klarna stated it now has 100 million energetic customers and 724,00 service provider companions globally.

It comes as Klarna rest in recreation method relating to a extremely expected U.S. IPO that used to be at one level eager to price the SoftBank-backed corporate at over $15 billion.

Klarna put its IPO plans on accumulation closing moment because of marketplace turbulence led to by way of President Donald Trump’s sweeping tariff plans. On-line ticketing platform StubHub additionally put its IPO plans on ice.

Previous to the IPO extend, Klarna have been on a advertising blitz touting itself as a man-made intelligence-powered fintech. The corporate partnered up with ChatGPT maker OpenAI in 2023. A yr then, Klarna worn OpenAI era to manufacture an AI customer support colleague.

Endmost age, Klarna CEO Sebastian Siemiatkowski stated the corporate used to be ready to shorten its headcount by way of about 40%, partially because of investments in AI.