Klarna Shares Drop Despite Q2 Earnings Beat Due to Weak Full-Year Guidance
Despite reporting second-quarter results that beat expectations, Klarna Group PLC (NYSE:KLAR) saw its shares fall by 20.5% due to weaker-than-expected full-year guidance. The buy-now-pay-later company reported Q2 revenue of $1.04 billion—up 27% year-over-year and above the estimated $994 million—with gross merchandise volume rising 18% to $36.6 billion. However, Klarna's fiscal 2026 guidance for revenue between $4.08 billion and $4.16 billion fell short of analyst estimates of $4.42 billion. The company also reduced its GMV forecast from over $155 billion to a range of $149 billion-$151 billion, while third-quarter projections missed expectations as well. Despite the revenue miss in guidance, Klarna's adjusted operating income outlook for 2026 was above estimates. The company highlighted growth in active consumers and merchants but faced investor disappointment due to its revised financial targets.
Tickers: $KLAR
Topics: consumer_engagement financial_results revenue_growth stock_movement