Klaviyo shares gained 1.4% in pre-market trading after the marketing automation firm unveiled solid results alongside its new range of artificial intelligence-powered offerings.
Revenue of US$201.60 for the fourth quarter, which was up 39% on a year earlier, came in higher than consensus estimates for US$196.12, the firm said after hours on Tuesday.
Net income per share sat at US$0.09 meanwhile, up against analysts’ expectations for US$0.07.
“We shipped hundreds of new features for our customers in 2023,” chief executive Andrew Bialecki commented in the update.
“In 2024, we’re focused on how to bring new launches and improvements to our existing offerings to help our over 143,000 customers,” he added.
This includes Klaviyo AI, which the company unveiled in a separate update on Tuesday, aimed at automating its marketing platform further.
Alongside the likes of predictive and personalised analytics, Klaviyo said the new offerings would generate the likes of email content and website forms.
“We started with predictive analytics, to help anticipate consumer needs,” Bialecki said.
“We then expanded into generative capabilities to streamline work and accelerate content creation.
“Now we’re focused on autonomous AI and creating a platform that continuously learns and adapts, refining strategies for the best outcomes in a fraction of the time.”
Shares climbed 1.44% to US$29.50 ahead of the market’s opening.