Fintech Klarna's second-quarter revenue up 20% year-on-year


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

OSLO (Reuters) -Swedish fintech Klarna, which in April paused plans for an initial public offering in the United States, said on Thursday its second-quarter revenue grew 20% from a year ago on a like-for-like basis while adjusted profits increased slightly.

Klarna's April-June revenue grew to $823 million in the quarter, while its adjusted operating profit stood at $29 million, an increase of $1 million from the same quarter of last year, its earnings report showed.

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