Klarna has reported a significant turnaround in its financial performance for the first half of 2024, achieving an adjusted operating profit of 673 million Swedish krona ($66.1 million), compared to a loss of 456 million krona during the same period last year. This impressive growth comes as the buy now, pay later (BNPL) pioneer prepares for its anticipated stock market debut. The company's revenue also saw a remarkable increase of 27% year-on-year, reaching 13.3 billion krona. While Klarna did report a net income loss of 333 million Swedish krona, it emphasizes adjusted operating income as a more accurate reflection of its profitability, showcasing the underlying business activity. Klarna's CEO, Sebastian Siemiatkowski, highlighted strong revenue growth in the U.S. market, where sales surged by 38%, driven by an increase in merchant onboarding. This positive momentum positions Klarna favorably as it approaches its public offering.
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