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Afrm

All articles tagged with #afrm

business1 month ago•17 min saved

Affirm Surges on Revenue Beat as Shopify Deal Fuels Growth Ambitions

Affirm beat expectations in its fiscal Q4 with revenue of about $1.2 billion (up ~33%) and gross merchandise volume around $14.1 billion (up ~36%), accelerating toward its $100 billion GMV goal by year-end. A strategic partnership with Shopify to launch Shop Pay Installments in Australia expands its reach into a new market, helping drive the rally in AFRM shares, as the company also signals continued growth and credit quality improvements.

via Barron's|

#affirm #afrm #business

finance2 years ago•2 min saved

Affirm's Q2 Earnings Report: Stock Slips, But Analysts Remain Optimistic

Affirm's stock fell 13% in after-hours trading despite beating expectations in its earnings report, with analysts attributing the drop to a perceived conservative outlook. The company raised its full-year forecast for gross merchandise volume to over $25.25 billion, but analysts believe the new guidance is conservative. Affirm posted fiscal second-quarter revenue of $591 million, up from $400 million a year before, and saw its gross merchandise volume increase by 32% to $7.5 billion. The company also reported a halved net loss for the December quarter and anticipates $5.8 billion to $6.0 billion in gross merchandise volume for the March quarter.

via MarketWatch|

#affirm #afrm #buy-now-pay-later