Affirm Holdings, a leading digital and mobile-first commerce platform, reported a significant year-on-year increase in total net revenue, reaching $591.1 million for the quarter ended December 31, 2023, up 48% from $399.6 million in the same period last year. The company's operating loss improved by 52%, with a reduction from $359.5 million to $172.2 million. Net loss also saw a decrease of 48%, from $322.4 million to $166.9 million. Affirm's business development has been robust, with the expansion of its active merchant base and consumer adoption. The company's platform now boasts 17.6 million active consumers, a 13% increase from the previous year, and transactions per active consumer rose by 25%. Affirm's future plans include continued investment in technology and data analytics to maintain its competitive edge and...Show More

Affirm Holdings, a leading digital and mobile-first commerce platform, reported a significant year-on-year increase in total net revenue, reaching $591.1 million for the quarter ended December 31, 2023, up 48% from $399.6 million in the same period last year. The company's operating loss improved by 52%, with a reduction from $359.5 million to $172.2 million. Net loss also saw a decrease of 48%, from $322.4 million to $166.9 million. Affirm's business development has been robust, with the expansion of its active merchant base and consumer adoption. The company's platform now boasts 17.6 million active consumers, a 13% increase from the previous year, and transactions per active consumer rose by 25%. Affirm's future plans include continued investment in technology and data analytics to maintain its competitive edge and drive sustainable growth. The company's proprietary technology and data analytics capabilities are central to its risk pricing and consumer and merchant value proposition. Affirm's financial model relies on merchant fees and interest income, with Pay-in-4 and Core loans as its primary loan product offerings. The company's capital-efficient funding model and diversified funding relationships have been key to its success, allowing for quick recycling of funds and supporting network growth. Despite macroeconomic challenges, including rising interest rates and economic uncertainty, Affirm has managed to maintain a strong performance and is well-positioned for future growth.