Klarna drops after trimming revenue and volume outlook

Klarna

18/08/2026 14:20

**  Swedish fintech firm Klarna's KLAR.N shares fall 22% to $15.3 premarket
** Co cuts FY revenue to between $4.08 bln and $4.16 bln, from its prior expectation of $4.34 bln

    ** Expects 2026 gross merchandise volume between $149 bln-$151 bln, down from greater than $155 bln 
** Co also announces planned transitions of CFO and CMO to take effect in early 2027
** Brokerage TD Cowen says the termination of partnership with peer Pagaya is key overhang, as it served as second funding provider for lower-end credit borrowers
** Co reports net profit of $9 mln vs $53 mln loss a year ago, while revenue grew 27% to $1.04 bln, beating estimates
** 14 of 24 brokerages rate the stock "buy" or higher and 10 "hold"; median PT is $23.5 - data compiled by LSEG
** As of last close, stock down 32.5% YTD

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))