Affirm Stock Sinks Despite Better-Than-Expected Q3 Results

Benzinga

Affirm Holdings reported a narrower-than-expected third-quarter loss of 1 cent per share, beating estimates of a 3-cent loss, according to Benzinga. Revenue reached $783.13 million, slightly above expectations and up from $576.16 million last year. Active consumers rose 23% to 21.9 million, and active merchants increased 23% to 358,000 by quarter’s end. CEO Max Levchin said demand remains strong, with gross merchandise volume growing for the third straight quarter and momentum continuing into April. He added that credit outcomes align with forecasts, and the company is closely monitoring for macroeconomic stress while adjusting its models as needed.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Firm Holdings reported a narrow-than-expected third-quarter loss of one cent per share,

00:06beating estimates of a three-cent loss, according to Benzinga.

00:09Revenue reached $783.13 million, slightly above expectations and up from $576.16 million last

00:16year. Active consumers rose 23% to $21.9 million, and active merchants increased 23% to $358,000

00:22by quarter's end. CEO Max Lepchkin said demand remains strong, with gross merchandise volume

00:27growing from the third straight quarter and momentum continuing into April. He added that

00:30credit outcomes aligned with forecasts, and the company is closely monitoring for macroeconomic

00:35stress while adjusting its models as needed.

00:37For all things money, visit Benzinga.com slash GSTV.

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