Max Levchin, Co-Founder of PayPal and CEO of Financial Technology Company Affirm, arrives at Sun Valley Resort for the annual Allen & Company Sun Valley Conference in Sun Valley, Idaho.
Drew Ander | Getty Images
AFFIRM shares rose 15% in extended trading on Thursday after the buy-now provider, with 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-hour pop, surpassing the Nasdaq’s 12% profit.
Released in 2021, Affirm faces growing competition in e-commerce. Although there is a partnership between Amazon and Shopify, Walmart has recently moved to its competitor Klarna, which is scheduled to be released in the near future. Last year, Affirm announced its contract with Apple.
Watch: Declare the revenue and revenue beat
