Strong Revenue Growth
Klaviyo reported Q1 revenue of $280 million, a 33% year-over-year increase.
Expansion in Mid-Market and International Markets
Klaviyo showed notable momentum in the mid-market and international expansion, with EMEA revenue growing 47% year-over-year.
High Customer Retention and Growth
Klaviyo ended Q1 with more than 169,000 customers, up 16% year-over-year, and achieved a net revenue retention rate (NRR) of 108%.
Growth in High-Value Customers
The number of customers with over $50,000 in ARR grew by 40% year-over-year, and more than 1,000 customers now pay over $100,000 in ARR.
New Product Launches and Innovations
Introduced new features and products, including marketing analytics and Customer Hub, which are seeing strong traction.
Successful International Expansion
Significant growth in France, Germany, and Spain, each delivering over 100% year-on-year growth in new business.
Notable Customer Wins
Signed new or expansion deals with companies like The Hershey Company, Belkin, and Gorjana.