Summary by Moomoo AI
Affirm Holdings, a company focused on reinventing payments and commerce with modern technology, reported a net revenue of $698.5 million for the quarter ended September 30, 2024, marking a 41% increase from $496.5 million in the same quarter of the previous year. Operating expenses rose 18% to $831.1 million, resulting in an operating loss of $132.6 million, which is an improvement from the $209.4 million loss in the prior year. The net loss for the quarter was $100.2 million, a 42% improvement from the $171.8 million net loss in the previous year. Affirm's Gross Merchandise Volume (GMV) grew by 35% to $7.6 billion, driven by increased volume at top merchants and platform partners, as well as growth in active consumers and transactions per consumer. The company's active consumer base expanded by 15% to...Show More
