Klaviyo's Q3 revenue beats estimates; raises FY outlook
Overview
US B2C CRM provider's Q3 revenue grew 25% yr/yr, beating analyst expectations
Company raised FY26 revenue guidance to $1.537-$1.541 bln
Company authorized new $300 mln share repurchase program
Outlook
Klaviyo sees Q4 revenue between $421 mln and $425 mln
Company raises FY26 revenue guidance to $1.537 bln to $1.541 bln
Klaviyo expects Q4 non-GAAP operating income of $66.5 mln to $69.5 mln
Result Drivers
ENTERPRISE CUSTOMER GROWTH - Co said revenue growth was driven by expansion among large enterprise customers, with high-value customer cohorts growing faster than overall company
MULTI-PRODUCT AND INTERNATIONAL - Co cited increased adoption of multiple products and international expansion as contributors to growth
CUSTOMER EXPANSION AND RETENTION - Co said strong net revenue retention was supported by customer expansions, cross-selling and retention
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $387.2 mln | $379.87 mln (19 Analysts) |
Q3 Net Income | $704,000 | ||
Q3 Adjusted Gross Profit | $289.9 mln | ||
Q3 Adjusted Operating Profit | $56.9 mln | ||
Q3 Gross Profit | $287.4 mln | ||
Q3 Pretax Profit | $2.06 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Klaviyo, Inc. is $26.00, about 21.9% above its November 3 closing price of $21.33
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)