Klarna Group Plc is getting closer to profitability as it gets ready for an initial public offering.
The company's pretax loss for the first nine months of the year has significantly decreased compared to the same period last year.
Klarna's total revenue has also increased by 23%, reaching 20.3 billion kronor.
This positive financial performance positions the company well as it approaches its public debut, indicating a strong recovery in the buy now, pay later sector.