U.S. stocks edge higher; solid earnings season continues
Investing.com -- Klaviyo , Inc. (NYSE:KVYO) saw its shares surge 14.8% after the company reported second-quarter results that significantly exceeded analyst expectations, demonstrating strong momentum for its AI-native customer relationship management platform.
The CRM provider reported second-quarter revenue of $293.1 million, handily beating the analyst consensus estimate of $266.16 million and representing 32% growth YoY. Adjusted earnings per share came in at $0.16, exceeding analyst expectations of $0.13 by $0.03.
"Klaviyo delivered another standout quarter, with revenue growing 32% year-over-year to $293 million, underscoring the vital role our B2C CRM platform plays for over 176,000 customers globally," said Andrew Bialecki, co-founder and CEO of Klaviyo.
The company’s customer base expanded to over 176,000, up from 151,000 in the same quarter last year. Particularly notable was the 38% YoY growth in large customers generating over $50,000 in annual recurring revenue, reaching 3,291 by quarter’s end. International expansion also contributed significantly, with 42% YoY revenue growth in EMEA and APAC regions.
For the third quarter, Klaviyo provided revenue guidance of $297-301 million, representing 26-28% YoY growth. The company also issued full-year 2025 revenue guidance of $1.195-1.203 billion.
"Our second quarter results underscore Klaviyo’s efficient growth at scale, as revenue increased 32% year-over-year to $293 million and we delivered more than $55 million in operating cash flow," said Amanda Whalen, CFO of Klaviyo.
The company also announced that President Steve Rowland will retire from his position, remaining in his role until December 31, 2025, and then serving as a strategic advisor until March 31, 2026.
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