AF R Article on Klarna's performance in Australia, page-8

while their net loss after tax continued its upward trajectory to ~A$102m v pcp of ~A$72m (+41%).

I never really like their ghost card model, it just makes the service looks more like credit cards and less engagement with merchants in the name of chasing customers growth. How profitable can this really be? And it's more complicated to use and attracts the wrong type of customers in terms of credit quality.