Klaviyo is trading 16% down at $16.23 after investors reacted negatively to its August 5 earnings outlook, despite a revenue beat and raised full-year guidance.
- Q3 revenue growth guidance of 21.5%-22.5% implies deceleration from Q2’s 26%.
- Analysts cited margin pressure and Agency acquisition costs; the broader technology market is also under pressure, but the earnings reaction appears to be the primary catalyst.