Klarna Q1 revenue up 15% as US business grows


FILE PHOTO: A sign is pictured at the entrance of Klarna's headquarters in Stockholm, Sweden on May 25, 2022. REUTERS/Supantha Mukherjee/File Photo

COPENHAGEN (Reuters) -Swedish fintech Klarna, which last month paused plans for an initial public offering, reported first-quarter revenue growth of 15% from a year ago on Monday while adjusted earnings swung to a small profit, boosted by growth in the United States.

Klarna, which helped reshape online shopping with its short-term financing model, in April halted its plans for a U.S. stock market listing amid recession fears and uncertainty over tariffs, sources familiar with the situation said at the time.

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