positive The shares rose 15% in extended trading on Thursday after buying now, with the later loans reporting better revenue and revenue than expected in the fourth quarter.
The LSEG consensus estimates are as follows:
EPS: 20 cents vs 11 cents estimated recording: 876 million vs 837 million estimated
Revenues rose 33% from $659 million in the same period last year. Total product volume rose 43% to $10.4 billion from $7.2 billion the previous year.
AFFIRM reported net profit of $69.2 million, or 20 cents per share, after recording a loss of $45.1 million a year ago.
“This consistent execution has been affirmed that we will achieve profitability in our FQ4’25 operating income, based on a schedule we committed a year ago,” the company said in a shareholder’s letter.
For the first quarter, AFFIRM said revenue would range from $855 million to $885 million, but total commerce amounts would range from $10.1 billion to $10.4 billion.
AFFIRM shares rose 31% this year before the out-of-hours pop, surpassing the Nasdaq’s 12% profit.
Released in 2021, Affirm faces growing competition in e-commerce. There is a partnership with Amazon and Shopifybut Walmart Recently I moved to my competitor, Klarna. This is expected to be released in the near future. Last year, Affirm announced a deal apple.
Watch: Affirms 14% surge as card adoption and merchant AI drive rise
