Affirm Holdings hikes full-year outlook after strong Q3, shares slip
Updated
Updated · Barron's · May 7
Affirm Holdings hikes full-year outlook after strong Q3, shares slip
8 articles · Updated · Barron's · May 7
GMV rose 35% to $11.6 billion and revenue 33% to $1.04 billion, beating forecasts, while after-hours shares fell 1.9%.
Affirm now expects fiscal-year GMV of $49.27 billion to $49.57 billion and revenue of $4.18 billion to $4.21 billion, its second guidance increase this year.
Active customers reached 26.8 million and cardholders 4.4 million, even as buy-now-pay-later missed-payment concerns grow and fintech stocks remain under pressure.
Affirm's revenue is soaring, so why is Wall Street punishing its stock amid BNPL fears?
With New York's new APR cap, can Affirm maintain its explosive growth and profitability?
Is Affirm's AI-powered lending a solution, or is it fueling a new consumer debt crisis?