US expansion helps Klarna to report third-quarter profit

Quick Summary:

It has been looking to cut costs as investors scrutinise its profitability ahead of its highly anticipated public listing.

The listing is expected to take place in the next year at a valuation of more than $15bn.

Siemiatkowski has touted the benefits of artificial intelligence for productivity, saying the technology would allow Klarna to almost halve its workforce.

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Article Details

Author / Journalist: Akila Quinio

Category: MarketsFinanceInvesting

Markets: United States

Topics: Credit Klarna Costs Year Profit Consumer Nine Financial Cent Months Losses

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 15:21:53 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 373 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23837139

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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