Overview

* Klaviyo ( KVYO ) Q3 revenue grows 32% yr/yr to $310.9 mln, beating analyst expectations

* Company raises FY25 revenue guidance to $1.215 bln-$1.219 bln, indicating 30% growth

* Klaviyo ( KVYO ) reports net loss for Q3 despite strong revenue growth

Outlook

* Klaviyo ( KVYO ) raises FY25 revenue guidance to $1.215 bln to $1.219 bln

* Company expects Q4 revenue between $331 mln and $335 mln

* Company projects Q4 non-GAAP operating margin of 13% to 14%

Result Drivers

* LARGE CUSTOMER GROWTH - Klaviyo ( KVYO ) saw a 36% increase in customers generating over $50,000 in ARR, indicating strong growth among larger clients

* INTERNATIONAL EXPANSION - Revenue in EMEA and APAC grew 43% year-over-year, driven by international expansion

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $310.90 $299.86

Revenue mln mln (21

Analysts

)

Q3 Net -$426,00

Income 0

Q3 $237.10

Adjusted mln

Gross

Profit

Q3 $45 mln

Adjusted

Operatin

g Profit

Q3 Gross $234.70

Profit mln

Q3 -$614,00

Pretax 0

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Klaviyo Inc ( KVYO ) is $45.00, about 42.2% above its November 4 closing price of $26.00

* The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 48 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)