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BOSTON - Klaviyo , Inc. (NYSE:KVYO) saw its shares climb 3.8% in after-hours trading on Tuesday after the customer relationship management (CRM) platform provider reported better-than-expected first quarter revenue and an upbeat full-year outlook.
The company posted Q1 revenue of $279.8 million, up 33% YoY and surpassing analyst estimates of $257.25 million. Adjusted earnings per share came in at $0.14, in line with expectations.
Klaviyo raised its fiscal 2025 revenue guidance to a range of $1.171 billion to $1.179 billion, representing 25-26% YoY growth. The new outlook exceeds the consensus forecast of $1.16 billion.
"We delivered strong execution in the first quarter in a dynamic environment, driving 33% revenue growth year-over-year, and operating cash flow of $14 million, which sets us up well for 2025," said Amanda Whalen, CFO of Klaviyo.
The company ended Q1 with over 169,000 customers, up from 146,000 a year ago. Customers generating over $50,000 in annual recurring revenue grew 40% YoY to 3,030.
Klaviyo’s net revenue retention rate stood at 108% as of March 31, 2025, indicating strong expansion within its existing customer base.
For Q2, Klaviyo expects revenue between $276 million and $280 million, representing 24-26% YoY growth.
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