Klarna, the Swedish buy now, pay later fintech, has reported significant financial improvements as it prepares for an initial public offering (IPO). For the first nine months of 2024, the company achieved approximately $1.85 billion in revenue, marking a 23% year-over-year increase. Its pretax loss decreased by 99% year-over-year to around $180,000, while the third-quarter net income surged 57% year-over-year to $19.7 million. Additionally, Klarna reported an adjusted operating profit of 673 million SEK (approximately €57.2 million) for the first half of 2024. These developments indicate that Klarna is moving closer to profitability, particularly in the U.S. market, as it finalizes preparations for its Wall Street debut.