Klarna Hits 100 Million Users as Revenue and Onetime Costs Jump

Klarna Group Plcreported a $92 million pretax loss for the first three months of the year due to onetime costs such as staff share awards and preparations for its now-paused initial public offering.

The Stockholm-based fintech said Monday its like-for-like revenue rose 15% from the same period last year to $701 million. On an underlying basis, Klarna said it’s had four consecutive profitable quarters.

Klarna now has 100 million active customers using its buy-now-pay-later and other services, along with 724,000 merchant partners. In the US, its largest market, Klarna reported a 33% rise in quarterly revenue compared to a ...