Stock Track | Klaviyo's Plummeting Stock Price Driven by Softer Customer Expansion Amid Economic Headwinds

Stock Track11-07

Klaviyo, Inc. (NYSE: KVYO), a leading customer data and marketing automation platform, saw its stock price plummet by 15.76% on November 7, 2024. The steep decline was primarily attributed to the company's Q3 2024 earnings report, which highlighted softer customer expansion amid macroeconomic headwinds, particularly in the small and medium-sized business (SMB) segment.

While Klaviyo delivered a strong overall performance, with revenue surging 34% year-over-year to $235.1 million, beating analysts' estimates, the company's guidance for the upcoming quarters raised concerns. Klaviyo's dollar-based net revenue retention rate (NRR), a key metric reflecting customer expansion and retention, declined to 110% in Q3 2024, down from previous quarters.

In the earnings call, Amanda Whalen, Klaviyo's Chief Financial Officer, acknowledged the continued pressure on customer expansion, especially among SMBs. She stated that the company is hearing from customers that they are very focused on the return on investment (ROI) of their software spend in the current economic environment. Additionally, as Klaviyo moves upmarket, new customers tend to land with multiple products from the start, limiting the expansion opportunities within those customers and impacting NRR.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1140630940?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 22:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1140630940","market":"hk","top_or_hot":-1,"title":"Stock Track | Klaviyo's Plummeting Stock Price Driven by Softer Customer Expansion Amid Economic Headwinds","media":"Stock Track","content":"<p>Klaviyo, Inc. (NYSE: KVYO), a leading customer data and marketing automation platform, saw its stock price plummet by 15.76% on November 7, 2024. The steep decline was primarily attributed to the company's Q3 2024 earnings report, which highlighted softer customer expansion amid macroeconomic headwinds, particularly in the small and medium-sized business (SMB) segment.</p>\n\n<p>While Klaviyo delivered a strong overall performance, with revenue surging 34% year-over-year to $235.1 million, beating analysts' estimates, the company's guidance for the upcoming quarters raised concerns. Klaviyo's dollar-based net revenue retention rate (NRR), a key metric reflecting customer expansion and retention, declined to 110% in Q3 2024, down from previous quarters.</p>\n\n<p>In the earnings call, Amanda Whalen, Klaviyo's Chief Financial Officer, acknowledged the continued pressure on customer expansion, especially among SMBs. She stated that the company is hearing from customers that they are very focused on the return on investment (ROI) of their software spend in the current economic environment. Additionally, as Klaviyo moves upmarket, new customers tend to land with multiple products from the start, limiting the expansion opportunities within those customers and impacting NRR.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Klaviyo's Plummeting Stock Price Driven by Softer Customer Expansion Amid Economic Headwinds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Klaviyo's Plummeting Stock Price Driven by Softer Customer Expansion Amid Economic Headwinds\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-07 22:35 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Klaviyo, Inc. (NYSE: KVYO), a leading customer data and marketing automation platform, saw its stock price plummet by 15.76% on November 7, 2024. The steep decline was primarily attributed to the ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KVYO","symbol_name":"Klaviyo, Inc.","start_time":0,"source_url":"","article_id":"1140630940","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140630940","pubTimestamp":1730990119,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Klaviyo, Inc. , a leading customer data and marketing automation platform, saw its stock price plummet by 15.76% on November 7, 2024. The steep decline was primarily attributed to the company's Q3 2024 earnings report, which highlighted softer customer expansion amid macroeconomic headwinds, particularly in the small and medium-sized business  segment.While Klaviyo delivered a strong overall performance, with revenue surging 34% year-over-year to $235.1 million, beating analysts' estimates, the ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KVYO":"Klaviyo, Inc."},"translate_title":"股票追踪Klaviyo股价因经济逆风下客户扩张放缓而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KVYO":1},"content_text":"Klaviyo, Inc. (NYSE: KVYO), a leading customer data and marketing automation platform, saw its stock price plummet by 15.76% on November 7, 2024. The steep decline was primarily attributed to the company's Q3 2024 earnings report, which highlighted softer customer expansion amid macroeconomic headwinds, particularly in the small and medium-sized business (SMB) segment.\nWhile Klaviyo delivered a strong overall performance, with revenue surging 34% year-over-year to $235.1 million, beating analysts' estimates, the company's guidance for the upcoming quarters raised concerns. Klaviyo's dollar-based net revenue retention rate (NRR), a key metric reflecting customer expansion and retention, declined to 110% in Q3 2024, down from previous quarters.\nIn the earnings call, Amanda Whalen, Klaviyo's Chief Financial Officer, acknowledged the continued pressure on customer expansion, especially among SMBs. She stated that the company is hearing from customers that they are very focused on the return on investment (ROI) of their software spend in the current economic environment. Additionally, as Klaviyo moves upmarket, new customers tend to land with multiple products from the start, limiting the expansion opportunities within those customers and impacting NRR.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1140630940"}