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The Kobeissi Letter
The Kobeissi Letter|May 20, 2025 16:02
Klarna, a popular "Buy Now, Pay Later" service, just announced a +110% increase in their Q1 2025 loss of -99 million. On top of this, consumer credit losses surged to 136 million in Q1. This is the same company that just announced "Buy Now, Pay Later" for DoorDash orders. The worst part? Klarna announced they now have over 100 MILLION users on "Buy Now, Pay Later." Consumers are financing everything.
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