Klarna reports H1 revenue rose 24% YoY to ~$950M as its net loss more than trebled YoY to ~$581M, driven by admin expenses; cash reserves halved to ~$876M (Bloomberg)

Bloomberg:
Klarna reports H1 revenue rose 24% YoY to ~$950M as its net loss more than trebled YoY to ~$581M, driven by admin expenses; cash reserves halved to ~$876M  —  Klarna Bank AB said spending on its platform increased in the first half of the year, along with losses, as it invested in expanding in the US.

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