ReutersReuters

Klarna's revenue up 22% for first nine months of 2022

Swedish payments company Klarna said on Wednesday its revenue and gross merchandise volume (GMV) for the year to September were both up 22%, helped mainly by growth in the U.S. and UK markets.

GMV for the period rose to $60.2 billion and revenue was up to $1.4 billion, the company said in a statement.

The company, which laid off 10% of its workforce in May, expects to be profitable on a monthly basis in the second half of 2023.

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