BUZZ-Affirm soars on upbeat FY2025 revenue forecast

Reuters
02-07
BUZZ-Affirm soars on upbeat FY2025 revenue forecast

** Shares of buy-now-pay-later lender Affirm Holdings AFRM.O jump 15.5% at $71.40 in trading before the bell

** AFRM on Thursday, after market close, forecast FY2025 revenue above estimates, and swung to quarterly profit

** Co forecast annual revenue between $3.13 bln and $3.19 bln, above Street's estimates of $3.09 bln - LSEG-compiled data

** AFRM posted profit of 23 cents per share for the three months ended Dec. 31, compared with a loss of 54 cents last year, and a loss of 31 cents last quarter

** Gross merchandise volume - the total dollar amount of all transactions on the Affirm platform - surged nearly 35% to $10.1 billion in the quarter

** AFRM shares gained ~24% in 2024

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))

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