Affirm Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 09, 2024 at 01:38 am IST
Share
Affirm Holdings, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 235.15 million compared to USD 181.3 million a year ago. Revenue was USD 576.16 million compared to USD 380.98 million a year ago. Net loss was USD 133.94 million compared to USD 205.68 million a year ago.
For the nine months, sales was USD 729.19 million compared to USD 607.49 million a year ago. Revenue was USD 1,663.81 million compared to USD 1,142.16 million a year ago. Net loss was USD 472.62 million compared to USD 779.38 million a year ago.
Affirm Holdings, Inc. provides a platform for digital and mobile-first commerce. The Company's platform comprises three core elements: point-of-sale payment solutions for consumers, merchant commerce solutions, and a consumer-focused app. Its point-of-sale solutions allow consumers to pay for purchases in fixed amounts without deferred interest, late fees, or penalties. It offers commerce enablement, demand generation, and customer acquisition tools. Consumers can use the app to apply for installment loans, and upon approval, they can use the Affirm Card digitally online or in-stores to complete a purchase. The Companyâs platform provides consumer and merchant features. Its consumer features include checkout, consumer borrowing, virtual card, affirm app and marketplace and Affirm debit+ card. Its merchant features include affirm at Checkout, merchant dashboard, analytics, client success support, affirm app, and returns management, among others.
AFFIRM HOLDINGS, INC. 
