Klaviyo, Inc. Class A ( (KVYO) ) has released its Q4 earnings. Here is a breakdown of the information Klaviyo, Inc. Class A presented to its investors.
Klaviyo, Inc., a leading SaaS company in the digital marketing automation sector, specializes in enhancing consumer engagement through its integrated data platform powered by AI and analytics.
In its latest earnings report for the fourth quarter and fiscal year 2024, Klaviyo announced impressive revenue growth, achieving a 34% year-over-year increase, culminating in $937.5 million for the year. The company also successfully surpassed a $1 billion revenue run rate, marking a significant milestone driven by strong consumer engagement during peak shopping periods.
Key financial highlights include a fourth-quarter revenue of $270.2 million and a full-year gross profit of $716.2 million, maintaining a healthy gross margin of 76%. Additionally, Klaviyo expanded its customer base to over 167,000, with a notable increase in high-value accounts generating over $50,000 in Annual Recurring Revenue (ARR). Strategic partnerships, such as with WooCommerce, and international expansion in regions like EMEA and APAC contributed to the company’s robust performance.
Looking ahead, Klaviyo remains focused on sustaining its growth trajectory by investing in its core growth strategy, with revenue guidance for fiscal year 2025 projected to be between $1.156 billion and $1.164 billion, reflecting an expected growth rate of 23% to 24%. The company aims to further enhance consumer journeys through strategic investments and expansion efforts.