Overview

* Klaviyo ( KVYO ) fiscal Q2 revenue grows 32% yr/yr, beating analyst expectations

* Co raises FY25 revenue guidance to $1.195 bln-$1.203 bln

* Non-GAAP net income per share for Q2 at $0.17

Outlook

* Klaviyo ( KVYO ) raises FY25 revenue guidance to $1.195 bln to $1.203 bln

* Company expects FY25 revenue growth of 27% to 28%

* Klaviyo ( KVYO ) forecasts Q3 revenue between $297 mln and $301 mln

* Company projects Q3 non-GAAP operating income of $32.5 mln to $35.5 mln

Result Drivers

* CUSTOMER BASE EXPANSION - Klaviyo's ( KVYO ) customer base grew to over 176,000, up from 151,000 a year ago, driving revenue growth

* INTERNATIONAL GROWTH - Co reports 42% yr/yr revenue growth in EMEA and APAC regions

* LARGE CUSTOMER INCREASE - Number of customers generating over $50,000 of ARR rose 38% yr/yr

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $293.10 $278.70

Revenue mln mln (18

Analysts

)

Q2 Net -$24.28

Income mln

Q2 $224.10

Adjusted mln

Gross

Profit

Q2 $40.90

Adjusted mln

Operatin

g Profit

Q2 Gross $221.90

Profit mln

Q2 -$22.48

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 3 "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 $43.96, about 30.5% above its August 4 closing price of $30.57

* The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 51 three months ago

Press Release:

(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.)