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Feb 27, 09:38 PM
Economics
Business

Klaviyo ($KVYO) Beats Earnings, Expects Q1 Revenue $201-$203M, FY 2024 Revenue $889-$897M

Authors
  • Joe Kunkle
  • HedgeMind
  • Bio Stocks™
4

Klaviyo ($KVYO) reported strong Q4 earnings with EPS of $0.09, beating Street estimates of $0.08. Revenue reached $201.6M, surpassing the consensus of $196.2M. The company expects Q1 revenue of $201-$203M and FY 2024 revenue of $889-$897M, both above analyst expectations. Total customers increased by 20% year over year to 143,000, with customers generating $50K+ ARR growing by 80% to 1,958. Gross margin stood at 74%. Q1 revenue is anticipated to be at least $201M, a 29% increase year over year.

Written with ChatGPT (GPT-3).

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