Affirm’s stock soars 15% on earnings, revenue beat

## Affirm’s Stock Soars After Strong Earnings Report

Affirm, the buy now, pay later loan provider, saw its stock price jump significantly in after-hours trading following a strong earnings report. Here’s a quick rundown of the key takeaways:

• **Earnings Beat Expectations:** Affirm exceeded analysts’ expectations for both earnings and revenue in its fiscal fourth quarter.
• **Revenue Growth:** Revenue increased by 33% year-over-year, reaching $855 million.
• **Gross Merchandise Volume (GMV) Up:** GMV, a key metric, rose 43% to $10.4 billion.
• **Profitability Achieved:** Affirm reported a net income of $69.2 million, a significant turnaround from a loss the previous year.
• **Positive Outlook:** The company provided optimistic guidance for the upcoming quarter, projecting continued revenue and GMV growth.
• **Market Performance:** Affirm’s stock was already up 31% year-to-date before the after-hours surge, outperforming the Nasdaq.
• **Competitive Landscape:** Affirm faces increasing competition in the e-commerce space, with partnerships with Amazon and Shopify but also the loss of Walmart to Klarna.

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