Klarna (KLAR) Stock Drops 20% on Weak Revenue Outlook and CFO Departure
TLDR
- Klarna stock dropped as much as 20% in premarket trading after announcing the departure of its CFO and CMO.
- Q2 revenue came in at $1.04 billion, up 27% year-over-year, beating estimates of $992.82 million.
- Full-year 2026 revenue guidance was cut to $4.08-$4.16 billion, well below the $4.42 billion analyst consensus.
- Q3 revenue guidance of $940-$980 million also missed Wall Street’s $1.11 billion expectation.
- CFO Niclas Neglén and CMO David Sandström will stay through early 2027 while successors are found.
Klarna stock fell as much as 20% in premarket trading Tuesday, then trimmed losses to around 14% as investors digested a mixed earnings report and two high-profile executive departures.
CFO Niclas Neglén and CMO David Sandström are both leaving the company. Neglén has been CFO for six years and Sandström has served as CMO for nine years. Both will stay on through early 2027 to manage the transition.
Klarna said the search for a New York-based CFO is already underway. No replacement for the CMO role has been announced yet.
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