Shares in buy-now, pay-later firm Klarna crashed after it dived into the red.
On a brutal day for investors, the stock fell 26 per cent, meaning it has now lost two-thirds of its value since listing in New York in September with a valuation of £11billion.
The latest slump came after the Swedish group posted annual losses of £203million, having made a £15.6million profit in 2024.
And the loss took place despite a 38 per cent rise in revenues to £820million in the final three months of 2025.
Klarna now has 118m active users, which is a 28 per cent increase compared with this time last year.
Chief executive and co-founder Sebastian Siemiatkowski said: ‘We’ve been executing on a clear plan – acquire customers through seamless payments, then deepen those relationships into banking.’
Dumped: On a brutal day for investors, Klarna shares fell 25%, meaning it has lost two-thirds of its value since listing in New York in September with a value of £11bn
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