Affirm Reports Strong Fiscal Q3 Earnings, Surpassing Market Expectations

Despite a day-end stock dip, Affirm's revenue and earnings beat forecasts, signaling robust growth in the Buy Now, Pay Later sector.

Affirm Holdings reported a 51% year-over-year revenue increase to $576 million, exceeding the consensus estimate of $549.42 million.
The company recorded a loss of 43 cents per share, better than analyst projections of a 67-cent loss.
Gross merchandise volume surged 36% from the previous year, reaching $6.3 billion.
Stock performance fluctuated, closing down despite the positive earnings report, influenced by broader market trends.
Affirm's optimistic guidance for the next quarter anticipates continued growth, with revenue projections between $585 million and $605 million.