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Klaviyo's Q3 revenue beats estimates; raises FY outlook

By Reuters News


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


Reuters Recommended Reads

  • Nov 3 - Sprout Social Q3 revenue rises 8% on larger customer cohort

  • Nov 3 - Freshworks Q3 adjusted profit beats estimates on upmarket momentum

  • Nov 2 - Upwork Q3 revenue beats analyst estimates; acquires WorkMotion to strengthen enterprise offering


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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