Observed Signal · Feb 28, 2023 · Earnings Report · Source: Trending Topics · Impact: 4/5 · Sentiment: Negative
Klarna Reports €946 Million Net Loss for 2022
Swedish fintech Klarna reported its 2022 annual results, showing a net loss of €946 million, up from €596 million in 2021. Revenue grew 19% year-over-year to €1.74 billion, gross merchandise volume rose 22% to €75.62 billion, and users reached 150 million. The company raised $800 million in a July 2022 downround that cut its valuation by 85% to €6.7 billion. Klarna said it reduced its workforce by around 10% and cut credit losses by 37%. CEO Sebastian Siemiatkowski said the company is targeting profitability by summer 2023. Klarna added Samsung, Groupon, Booking.com, Instacart, Tractor Supply Company and Fossil Group as major clients. The US became Klarna's largest market with 34 million users, ahead of Germany. Klarna is seen as potential IPO candidate in 2023.
Klarna is a major BNPL and e-commerce payments provider; its 2022 annual results reveal significant losses, a downround and strategic shifts, signalling market conditions in consumer finance and e-commerce monetization.
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Key Takeaways & Evidence Grounding
- Klarna's net loss widened to €946 million in 2022, from €596 million in 2021.
- Klarna's revenue grew 19% to €1.74 billion and gross merchandise volume rose 22% to €75.62 billion in 2022.
- Klarna raised $800 million in a July 2022 downround, which cut its valuation by 85% to €6.7 billion.
- Klarna reduced its workforce by approximately 10% in 2022.
- Klarna added Samsung, Groupon, Booking.com, Instacart, Tractor Supply Company and Fossil Group as major clients.
Connected Companies & Entities
6 Entities mapped“Das schwedische Fintech bringt bei seiner Jagd nach Konsument:innen, die auf Rechnung oder Rate zahlen wollen, immer neue Star-Testimonials ...”
“Mit Samsung, Groupon, Booking.com, Instacart, Tractor Supply Company und Fossil Group hätte man außerdem neue wichtige Großkunden gewonnen....”
“Mit Samsung, Groupon, Booking.com, Instacart, Tractor Supply Company und Fossil Group hätte man außerdem neue wichtige Großkunden gewonnen....”
“Mit Samsung, Groupon, Booking.com, Instacart, Tractor Supply Company und Fossil Group hätte man außerdem neue wichtige Großkunden gewonnen....”
“Mit Samsung, Groupon, Booking.com, Instacart, Tractor Supply Company und Fossil Group hätte man außerdem neue wichtige Großkunden gewonnen....”
“Mit Samsung, Groupon, Booking.com, Instacart, Tractor Supply Company und Fossil Group hätte man außerdem neue wichtige Großkunden gewonnen....”
Ontology Mapping & Concepts
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