Klarna Cuts Full-Year Outlook and Announces Leadership Changes
Klarna, a leading buy-now-pay-later fintech firm, has slashed its full-year revenue forecast to between $4.08 billion and $4.16 billion from an earlier projection of $4.34 billion. The company also reduced its Gross Merchandise Volume (GMV) guidance to $149–$151 billion from $155 billion, while adjusted operating income is expected at $280 million to $300 million—below the previous midpoint of $299 million. Despite these cuts overshadowing strong quarterly results that beat analyst expectations, Klarna's stock dropped 21% in recent trading. The firm also announced leadership changes, with CFO Niclas Neglén and CMO David Sandström set to leave their roles early next year as part of planned transitions. The market reaction has been severe: shares have lost nearly half their value since the start of the year following Tuesday's decline.
Tickers: $KLAR