Klarna

Klarna beat expectations in Q2 for GMV, revenue and adjusted operating profit, but issued a weaker outlook for the second half. JPMorgan cut its rating from "Overweight" to "Neutral" and lowered its price target from $22 to $18, citing a reduced H2 forecast, a shift to fair-value accounting for certain loans and planned departures in finance and marketing. Klarna trimmed its full-year forecasts for GMV and adjusted operating profit; for Q3 the company expects only moderate GMV growth and a significantly lower operating profit. JPMorgan still sees growth potential from U.S. expansion and partnerships, but stresses that several consistent quarters will be needed to regain investor confidence. » More on de.investing.com

Klarna withdrew parts of its annual guidance and gave a weak outlook for the third quarter, after which the stock plunged about 20%. In addition, two members of the management team announced their departures for next year. The backdrop included rising bond yields and a broad sell-off on Wall Street, where AI and semiconductor names came under particular pressure. » More on deraktionaer.de

Klarna reported a $9 million profit in the second quarter after a $53 million loss a year earlier, beating analyst expectations. Adjusted operating income rose to $91 million, and revenue climbed 27% to $1.04 billion. Gross merchandise volume (GMV) grew 18% to $36.6 billion, yet the company cut its full-year GMV forecast to $149–151 billion, citing weaker performance in Germany. » More on wiwo.de