00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A firm reported third-quarter earnings of $0.30 per share on $1.04 billion in revenue,
00:08beating street estimates of $0.19 per share and $993.63 million in revenue,
00:14according to Benzinga Pro. Gross merchandise volume increased 35% year-over-year to $11.6
00:22billion, marking the 10th consecutive quarter of GMV growth of 30% or more.
00:27Direct-to-consumer GMV rose 48% to $3.7 billion, driven by growth of the Affirm card.
00:36The company ended the quarter with 26.8 million active customers,
00:41up 22% year-over-year and 515,000 active merchants.
00:46CEO Max Levchin said consumer demand and repayment trends remain stable.
00:51Affirm raised its full-year revenue guidance to $4.175 billion
00:55to $4.205 billion from a prior range of $4.086 billion to $4.146 billion,
01:03above the street consensus estimate of $4.139 billion.
01:07Shares were up by 2.73% at $67.37 in Friday's pre-market trading,
01:14according to data from Benzinga Pro.
01:16For all things money, visit Benzinga.com.
01:18For all things money, visit Benzinga Pro.
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