Overview
Klaviyo Q3 revenue grows 32% yr/yr to $310.9 mln, beating analyst expectations
Company raises FY25 revenue guidance to $1.215 bln-$1.219 bln, indicating 30% growth
Klaviyo reports net loss for Q3 despite strong revenue growth
Outlook
Klaviyo raises FY25 revenue guidance to $1.215 bln to $1.219 bln
Company expects Q4 revenue between $331 mln and $335 mln
Company projects Q4 non-GAAP operating margin of 13% to 14%
Result Drivers
LARGE CUSTOMER GROWTH - Klaviyo saw a 36% increase in customers generating over $50,000 in ARR, indicating strong growth among larger clients
INTERNATIONAL EXPANSION - Revenue in EMEA and APAC grew 43% year-over-year, driven by international expansion
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $310.90 mln | $299.86 mln (21 Analysts) |
Q3 Net Income | -$426,000 | ||
Q3 Adjusted Gross Profit | $237.10 mln | ||
Q3 Adjusted Operating Profit | $45 mln | ||
Q3 Gross Profit | $234.70 mln | ||
Q3 Pretax Profit | -$614,000 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Klaviyo Inc is $45.00, about 42.2% above its November 4 closing price of $26.00
The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 48 three months ago
Press Release: ID:nBw7cRFjca
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)