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Affirm Shares Climb After Q2 Report Beats Estimates, Strong FY25 Guidance
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Affirm Shares Climb After Q2 Report Beats Estimates, Strong FY25 Guidance
Feb 6, 2025 2:21 PM

Affirm Holdings Inc. ( AFRM ) reported its second-quarter financial results after Thursday's closing bell. Here's a look at the details from the report. 

The Details: Affirm reported quarterly earnings of 23 cents per share, which beat the analyst consensus estimate of losses of 16 cents. Quarterly revenue came in at $866.38 million, which beat the analyst consensus estimate of $807.16 million and is an increase over revenue of $591.11 million from the same period last year.

Gross Merchandise Volume grew 35% year-over-year to $10.1 billion for the quarter.

Active Consumers grew 23% year-over-year to 21 million.

Transactions Per Active Consumer reached 5.3, up from 4.5 from the prior year’s quarter.

Read Next: Palantir Adds Elon Musk’s AI Chatbot Grok To AIP

“Affirm is in the strongest shape it's ever been. Challenges met, competitors bested: excellent growth in a rapidly expanding segment, on-target unit economics, robust operating leverage,” the company said in a letter to shareholders.

Outlook: Affirm sees fiscal 2025 revenue in a range of $3.13 billion to $3.19 billion, versus the $3.09 billion estimate.

AFRM Price Action: According to data from Benzinga Pro, Affirm Holdings ( AFRM ) shares are up 10.45% after hours at $68.20 Thursday.  

Read Next: 

Ford Shares Skid After Q4 Report: Details

Image: Shutterstock

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