earnings
confidence high
sentiment positive
materiality 0.85
Klaviyo Q3 revenue $175.8M (+48% YoY); first public quarter with 10% non-GAAP op. margin
Klaviyo, Inc.
2023-Q3 EPS reported
-$1.19
revenue$496,481,000
- Revenue $175.8M, up 48% from $119.2M in Q3 2022; gross profit $117.0M (67% GAAP margin).
- Non-GAAP operating income $17.8M (10% margin) vs. loss of $(16.3M) a year ago; GAAP operating loss $(302.2M) reflecting stock-based comp.
- Customers surpassed 135,000; customers >$50K ARR up 89% YoY to 1,699; net revenue retention 119% for 10th straight quarter above 115%.
- Q4 guidance: revenue $195-197M (34-36% YoY growth); full-year FY23 revenue $691.5-693.5M.
- Launched Klaviyo CDP; hired former Salesforce executive Jamie Domenici as CMO.