How did Klaviyo's revenue and expenses trend in Q3 2024?

**Klaviyo's revenue showed strong growth in Q3 2024**, with a reported revenue of $235.1 million, marking a 34% year-over-year increase. This growth was driven by several strategic initiatives, including international and upmarket expansion, new product integrations, and a strong customer base that saw over 157,000 customers using Klaviyo to drive their own revenue growth. **Operating expenses were not provided** for Q3 2024, which makes it impossible to analyze the trend of Klaviyo's expenses during that quarter. However, the company's financial results for Q2 2024 revealed a gross profit of $171.9 million and a non-GAAP operating income of $34.3 million, indicating that the company was profitable despite the operating loss of $14.1 million reported in that quarter. The non-GAAP operating margin stood at 15%, which is a healthy figure, especially when compared to the operating loss in Q2 2023. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |KVYO|KVYO.N|Klaviyo|2023 Q4|-3382.781456953642|-2.6295E7|169| |KVYO|KVYO.N|Klaviyo|2024 Q1|-401.12201963534363|-1.2882E7|169| |KVYO|KVYO.N|Klaviyo|2024 Q2|-145.39358868375126|-4942000|169| |KVYO|KVYO.N|Klaviyo|2024 Q3|99.5472965695514|-1345000|169| **Overall, Klaviyo demonstrated robust revenue growth in Q3 2024**, which is a positive indicator of the company's financial health and strategic direction. The lack of data on operating expenses prevents a complete analysis, but the available information suggests that Klaviyo is effectively managing its costs to support its growing revenue base.