Affirm shares surge 16% after better-than-expected results, strong guidance
Affirm(AFRM) CNBC·2024-08-29 06:25
Affirm CEO Max Levchin said in a note to shareholders that the company set a new goal of hitting operating profitability on a GAAP basis by the fiscal fourth quarter of 2025.Revenue climbed 48% from a year earlier, and Affirm's net loss narrowed to $45.1 million from $206 million in the same period a year ago. The company's active merchant count hit more than 300,000 and active consumers also grew 19% to 18.6 million.Affirm reported gross merchandise volume, or GMV, of $7.2 billion, up 31% from a year earli ...