The buy-now, pay later giant Affirm reporting a better-than-expected first quarter. Founder and CEO Max Levchin joined Bloomberg Open Interest to talk about the results and what's ahead for the holiday season.
The buy now, pay later firm flies past quarterly estimates and sees gross merchandise volume soar 35% from a year prior.
“It was another killer quarter,” Affirm CEO Max Levchin said on the buy now, pay later (BNPL) provider's fiscal first quarter conference call Thursday (Nov. 7) after the markets closed. Levchin noted Affirm has a third of the volume and more than half of the revenue in the U.S.
Although the revenue and EPS for Affirm Holdings (AFRM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Affirm Holdings (AFRM) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to break-even earnings per share a year ago.
Affirm Holdings, Inc. (NASDAQ:AFRM ) Q1 2025 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Zane Keller - Director of Investor Relations Max Levchin - Founder and Chief Executive Officer Michael Linford - Chief Operating Officer Conference Call Participants Andrew Bauch - Wells Fargo Nathaniel Richam-Odoi - Bank of America Securities John Hecht - Jefferies James Faucette - Morgan Stanley Vincent Caintic - BTIG Dan Dolev - Mizuho Securities Robert Wildhack - Autonomous Research Reginald Smith - JPMorgan Jill Shea - UBS Operator Good day, ladies and gentlemen, and thank you for joining us for this Affirm Fiscal Holdings First Quarter 2025. Getting started, all participants are in a listen-only mode, but later you will have the opportunity to ask questions during the question-and-answer session.
Affirm CEO Max Levchin joins 'Closing Bell Overtime' to talk the state of the consumer, quarterly results, growth opportunities and more.
Affirm stock fell after fiscal Q1 earnings topped estimates while guidance came in slightly above views ahead of the holiday shopping season. The post Affirm Earnings Beat.
The company is seeing more of its business shift toward interest-bearing products.
Affirm, the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results. Growth in GMV, which is a key industry metric that helps gauge the total value of transactions over the reporting window, accelerated, increasing by 35% from a year earlier.
We have narrowed our search to two large-cap financial technology stocks set to report earnings results this week. These are: AFRM, LYFT.
Affirm Holdings (AFRM) is set to report its fiscal first-quarter earnings after the market closes on Thursday, with analysts expecting the buy now, pay later (BNPL) firm to aggressively pursue new users as interest rates decline.