> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Klarna reports profitable first quarter as revenue rises 29% to SEK 6.4 billion
- URL: https://www.theglobalbanker.com/klarna-reports-profitable-first-quarter-as-revenue-rises-29-to-sek-6-4-billion/
- Published: 2024-05-30T08:00:00.000Z
- Updated: 2026-10-01T08:45:57.000Z
- Description: The Swedish payments company posted adjusted operating income of SEK 229 million for Q1 2024, against a SEK 498 million loss a year earlier, and said AI adoption helped cut operating expenses by 11%.
- Author: TGB Editorial Team
- Tags: Fintech, Europe, #archive

Klarna reported adjusted operating income of SEK 229 million for the first quarter of 2024 on 30 May 2024, describing the result as another profitable quarter for the Stockholm-based payments and shopping company. Revenue rose 29% year on year to SEK 6.4 billion.

The adjusted operating result compared with a loss of SEK 498 million in the first quarter of 2023, an improvement of SEK 727 million. Klarna attributed the turnaround to its revenue growth and to the use of artificial intelligence, which it said had contributed to an 11% reduction in operating expenses. According to the company, 90% of its employees have integrated AI into their daily workflows.

“Klarna continues its acceleration with 29% revenue growth year on year, coupled with the power of AI to lower operating expenses, we have once again delivered a profitable quarter with a substantial SEK 727m improvement in adjusted operating income,” said Sebastian Siemiatkowski, chief executive of Klarna.

#### US GROWTH AND MERCHANT VOLUMES

Revenue in the United States increased 38% year on year in the period, while US gross profit rose 97%. At group level, gross profit improved by 22%. Gross merchandise volume grew 17% year on year, which Klarna compared with growth of 2% in global e-commerce over the same quarter, citing Salesforce’s Shopping Index.

The company said its AI assistant, launched in January, had engaged with more than 4 million customers and would deliver annualised savings of USD 40 million. New merchant partners Uber and Uber Eats went live in the US, Germany and Sweden during the period, and an existing global partnership with Expedia.com and Hotels.com was rolled out to the US.

On products, Klarna announced a new Klarna Card for the US market. Its Klarna Plus monthly subscription service, announced at the start of the year, had attracted 70,000 sign-ups, and its “Sign in with Klarna” log-in service went live across 23 countries earlier in the quarter.