Klaviyo Q3 revenue up 32%, beats estimates

Klaviyo

05/11/2025 22:01

Overview

Klaviyo Q3 revenue grows 32% yr/yr to $310.9 mln, beating analyst expectations

Company raises FY25 revenue guidance to $1.215 bln-$1.219 bln, indicating 30% growth

Klaviyo reports net loss for Q3 despite strong revenue growth

Outlook

Klaviyo raises FY25 revenue guidance to $1.215 bln to $1.219 bln

Company expects Q4 revenue between $331 mln and $335 mln

Company projects Q4 non-GAAP operating margin of 13% to 14%

Result Drivers

LARGE CUSTOMER GROWTH - Klaviyo saw a 36% increase in customers generating over $50,000 in ARR, indicating strong growth among larger clients

INTERNATIONAL EXPANSION - Revenue in EMEA and APAC grew 43% year-over-year, driven by international expansion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$310.90 mln
$299.86 mln (21 Analysts)
Q3 Net Income
-$426,000
Q3 Adjusted Gross Profit
$237.10 mln
Q3 Adjusted Operating Profit
$45 mln
Q3 Gross Profit
$234.70 mln
Q3 Pretax Profit
-$614,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Klaviyo Inc is $45.00, about 42.2% above its November 4 closing price of $26.00

The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 48 three months ago

Press Release: ID:nBw7cRFjca

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)