By Angel Au-Yeung
Shares of Affirm Holdings, a buy now, pay later loan provider, jumped over 10% in after-hours trading after it reported its fiscal second quarter earnings results on Thursday.
The key numbers:
-- The company reported $866 million in revenue for the quarter, well above analysts' estimates.
-- The company's gross merchandise volume-a metric that measures the total value of transactions made on the platform- also topped $10 billion for the first time.
-- The company has 21 million active consumers using its products, a 23% increase from a year ago.
In an interview with The Wall Street Journal, Affirm CEO Max Levchin said he's seeing healthy spending behaviors from the company's consumers. "They're doing well which seems surprising to a bunch of people, although not us," said Levchin.
Travel remains a strong category for Affirm, with a 38% increase in volume growth compared with a year ago. Electronics are also making a comeback after a dip in the category following the busy pandemic period, while sporting goods and outdoor equipment dropped 10% in volume compared with the same time last year.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
February 06, 2025 18:12 ET (23:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。