Summary by Moomoo AI
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
