Klarna Group plc Ordinary Shares (KLAR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Klarna's third quarter 2025 earnings call. My name is Andrea Ferraz, Head of Investor Relations and M&A, and I'm joined today by Sebastian Szymankowski and Niklas Nyglin. Our Q3 results were released at around 7.30 a.m. Eastern Time, and they are available on the same link as this webcast. During this call, we will discuss our business outlook and make forward-looking statements. These statements are based on our current expectations and assumptions as of today. Actual results may differ materially due to various risks and uncertainties, including those described in our most recent filings with the SEC. During this call, we will present both IFRS and non-IFRS financial measures. A reconciliation of non-IFRS to IFRS measures is included in today's earnings press release, which is distributed and available to the public through our investor relations website, as well as filed with the SEC. Please note, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2024. During the Q&A portion of today's call, please limit yourself to one question. We will reopen the queue for more questions if there is time. To join the queue, please press star 1 on your keypad. Before we move to Q&A, we'll begin with a short presentation. Sebastian, please go ahead. Hello, everyone, and welcome to Klana's first earnings report, quarterly earnings as a public company. Very excited. I'm Sebastian Simetkovsky, the CEO and founder of Klana. And with me, I have Niklas Niglian, our CFO. Let's get right to it. Most of you are probably familiar with Klana, 140 million active consumers, 850,000 merchants and above $100 billion in GMV. And we have grown this network quite extensively in the last few years. We...