Klarna doubles losses in first quarter as IPO remains on hold
1. Klarna's Q1 2025 loss of $99 million is concerning. 2. Revenues increased 13% year-over-year to $701 million. 3. IPO plans are on hold due to market turbulence and costs. 4. Klarna boasts 100 million active users and 724,000 merchants. 5. CEO cites AI investments for a 40% reduction in headcount.