Klaviyo Posts 32% Sequential Revenue Growth and International Acceleration
Klaviyo’s third-quarter revenue accelerated sequentially by 32%, marking the first net revenue expansion since Q3 2021 and a sixth straight quarter of international momentum with record mid-market customer growth. Shares have slumped 21.9% over one month, trading within a $18.23–$47.74 range and carrying a $5.67 billion market cap.
1. Third-Quarter Growth Acceleration
Klaviyo’s revenue accelerated sequentially by 32% in the third quarter, marking its first net revenue expansion since Q3 2021. The company also achieved a sixth consecutive quarter of international acceleration, record mid-market customer wins and growing adoption of its Service product.
2. Share Performance and Valuation Metrics
Shares have fallen 21.9% over the past month, trading within a $18.23–$47.74 range over the last year. The recent closing price of $18.60 implies a market capitalization of approximately $5.67 billion.
3. Hedge Fund Exposure and Sentiment
Klaviyo is held by 48 hedge funds at the end of the third quarter, up from 41 in the prior quarter. Some investors view the shares as undervalued due to misconceptions about its business model and AI exposure.