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Klaviyo
🇺🇸 NYSE:KVYO
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OverviewEarningsDividends
•
Jun 30, 2024

Klaviyo Q2 2024 Earnings Report

Delivered strong results with revenue growth and platform adoption.

Key Takeaways

Klaviyo reported a strong second quarter with revenue of $222.2 million, representing 35% year-over-year growth. The company continues to expand its customer base and invest in strategic initiatives.

Expanded Klaviyo AI suite with new features.

Expanded SMS offering to 12 countries.

Announced new integrations with Toast, BazaarVoice, TikTok, and Pinterest.

Over 151,000 customers were using Klaviyo.

Total Revenue
$222M
Previous year: $165M
+35.0%
EPS
$0.15
Previous year: $0.04
+275.0%
Total Customers
151K
Customers > $50k ARR
2.39K
Previous year: 1.46K
+63.6%
NRR
112%
Gross Profit
$172M
Previous year: $127M
+35.3%
Cash and Equivalents
$795M
Previous year: $440M
+80.7%
Free Cash Flow
$37.1M
Previous year: $41M
-9.7%
Total Assets
$1.15B

Klaviyo

Klaviyo

Forward Guidance

Klaviyo raised full year 2024 revenue guidance.

Positive Outlook

  • Revenue between $225.0 million and $227.0 million.
  • Year-over-year Growth Rate between 28% and 29%.
  • Non-GAAP Operating Income between $21.5 million and $24.5 million.
  • Non-GAAP Operating Margin between 10% and 11%.
  • Revenue between $910.0 million and $918.0 million for full year 2024.

Company Overview

Full financial data and analysis

View Klaviyo