Klarna cut its full-year forecasts for revenue, gross merchandise volume, and adjusted operating income.
The buy-now-pay-later firm also announced its CFO and CMO will leave their roles early next year.
Klarna's stock could be on track to lose a fifth of its value in a single session.
Shares of Klarna Group (KLAR) were down 21% in recent trading, after the Swedish fintech firm trimmed its full-year forecasts and announced changes in its leadership.
The buy-now-pay-later firm said it now sees full-year revenue of $4.08 billion to $4.16 billion, down from its prior forecast of $4.34 billion. It lowered its Gross Merchandise Volume (GMV) forecast to between $149 billion to $151 billion, from $155 billion. Its adjusted operating income (AOI) is seen coming in at $280 million to $300 million, with the midpoint below the previous $299 million.
#year #full #firm
The buy-now-pay-later firm also announced its CFO and CMO will leave their roles early next year.
Klarna's stock could be on track to lose a fifth of its value in a single session.
Shares of Klarna Group (KLAR) were down 21% in recent trading, after the Swedish fintech firm trimmed its full-year forecasts and announced changes in its leadership.
The buy-now-pay-later firm said it now sees full-year revenue of $4.08 billion to $4.16 billion, down from its prior forecast of $4.34 billion. It lowered its Gross Merchandise Volume (GMV) forecast to between $149 billion to $151 billion, from $155 billion. Its adjusted operating income (AOI) is seen coming in at $280 million to $300 million, with the midpoint below the previous $299 million.
#year #full #firm
1 day ago
