Klaviyo, Inc. - KVYO STOCK NEWS

Klaviyo (NYSE: KVYO) has announced the launch of Klaviyo B2C CRM, a customer relationship management platform specifically designed for consumer brands. The platform integrates marketing, service, and analytics functionalities, powered by Klaviyo Data Platform (KDP).

The new offering includes three main components: Klaviyo Service with Customer Hub for shopper experience management, Klaviyo Analytics with AI-powered marketing insights, and enhanced Klaviyo Marketing tools for multi-channel campaigns. The platform features over 350 pre-built integrations and open APIs, allowing brands to connect customer data without expiration.

Early adopter Happy Wax reported a 75% reduction in customer support tickets related to order tracking after implementing Customer Hub. Dollar Shave Club achieved 2x return on ad spend for reactivation campaigns and increased average order value using the platform.

Klaviyo (KVYO) reported strong Q4 and FY2024 results with Q4 revenue of $270.2 million, up 34% year-over-year, and full-year revenue of $937.5 million, also up 34% YoY. The company surpassed a $1 billion revenue run rate and expanded its customer base to over 167,000 customers, up from 143,000 in FY2023.

Key metrics showed solid growth with 2,850 customers generating over $50,000 in ARR, a 46% increase YoY. Net Revenue Retention rate stood at 108%, and SMS adoption reached 18.2% of customers. International expansion showed strong momentum with EMEA and APAC revenue growing 42% YoY.

Notable customer wins included Ted Baker, Champion, Clarks, and DKNY. The company also expanded its partnership with Woo, becoming the preferred marketing automation vendor for WooCommerce, and opened a new office in Dublin to support international growth.

Klaviyo (NYSE: KVYO) has announced the opening of a new office in Dublin, Ireland, marking its third international location alongside London and Sydney. The company plans to create more than 100 jobs to meet growing demand for its solutions in the EMEA region. The new office, located in the Bottleworks building on Barrow Street, will be led by Ben Jackson, Managing Director and VP for EMEA.

The Dublin office will initially focus on building a leadership team for sales and business development, followed by expanding other go-to-market functions, finance, and people teams. The company chose Dublin for its status as a tech hub and its diverse, skilled talent pool. This expansion reflects Klaviyo's strong growth across the region and reinforces its commitment to serving international customers.

Klaviyo (NYSE: KVYO) has been named the preferred marketing automation partner for WooCommerce, the world's leading ecommerce platform serving 4 million stores. The partnership aims to provide enhanced marketing solutions for WooCommerce users, with over 15,000 brands already utilizing the integration.

The collaboration enables businesses to unify real-time data, create personalized omnichannel marketing campaigns, and streamline product reviews. Key benefits include smart segmentation based on customer behavior and engagement history. Success stories include My Community Made, which grew ecommerce revenue from 0% to 30% in three months, and KaisaFit, which achieved 32x ROI using the integration.

Customers using both platforms average 46x ROI through advanced segmentation, pre-built automations, and actionable insights. The partnership extends beyond traditional D2C retailers to support content creators, service businesses, and various other business models exploring online sales.

Klaviyo (NYSE: KVYO) has scheduled the release of its fourth quarter and full year 2024 financial results for February 19, 2025, after U.S. market close. The company will host a live audio webcast at 4:30 p.m. ET / 1:30 p.m. PT on the same day to discuss the results. Both the financial results news release and webcast link will be available on Klaviyo's investor relations website. A replay of the webcast will be accessible on the same platform after the call.

Klaviyo (NYSE: KVYO) has announced significant enhancements to its analytics capabilities, introducing AI-powered features designed to help marketers optimize customer relationships and drive revenue growth. The platform now includes three key innovations:

1. The RFM Action Center for personalized retention and repeat purchases, enabling automated re-engagement of at-risk customers and smart product merchandising.

2. AI-Powered Campaign Personalization that determines winning versions of email or SMS campaigns for individual subscribers, along with real-time form optimization to increase conversion rates.

3. Enhanced Dashboard Solutions including Conversion Overview, SMS Performance, and Subscriber Growth reporting tools that provide actionable insights on marketing performance and ROI.

According to Forrester research commissioned by Klaviyo, 76% of brands consider an embedded Customer Data Platform essential for actionable insights. The platform offers unlimited first-party data storage and retention, AI-driven optimization, and scalable growth solutions.

Klaviyo (NYSE: KVYO) reported significant achievements during Black Friday Cyber Monday (BFCM) 2023, helping over 157,000 brands generate $3 billion in Klaviyo Attributed Value. The company delivered more than 18 billion messages, with over 15,000 customers experiencing their best sales day ever. Key findings showed that smaller discounts (10-15% and 20-25%) outperformed steep ones, highlighting consumer preference for brand loyalty over bigger savings. Brands that added SMS marketing saw a 20% year-over-year increase in ecommerce revenue. The platform noted a 60% increase in integration events per customer, while AI tools showed increased adoption for campaign optimization and content generation.

Klaviyo (NYSE: KVYO) has announced its participation in two upcoming investor events. Chief Financial Officer Amanda Whalen will join fireside chats at the Wells Fargo 8th Annual TMT Summit on December 3, 2024, at 3:00 p.m. PT, and the Barclay's 22nd Annual Global Technology Conference on December 11, 2024, at 4:15 p.m. PT.

The company, which provides a SaaS platform for digital relationship management, offers integrations with over 350 services and serves more than 157,000 paying customers, including notable brands like Mattel, TaylorMade, Liquid Death, and Stanley 1913. Live webcasts and replays will be available on Klaviyo's investor relations website.

Klaviyo (NYSE: KVYO) introduced Extended ID, a solution extending identity tracking up to one year using first-party identity graph. This no-added-cost tool helps brands combat the shrinking lifespan of tracking data and changing cookie landscape. Extended ID enables better website tracking and customer identification, allowing companies to create smarter segments and implement more precise, personalized campaigns.

The solution addresses challenges posed by stricter browser restrictions that limit cookie life to a week or less, which affects customer recognition and personalization efforts. This technology advancement aims to help brands maintain unified customer profiles and deliver seamless, personalized experiences across channels.