Affirm Holdings Q1 Loss Narrower-Than-Expected, 2025 GMV View Up

Affirm Holdings, Inc. (AFRM) posted better-than-expected first-quarter fiscal 2024 results, which were driven by higher card network revenues and servicing income. Higher transactions coupled with robust repeat customers also boosted the results. However, the results were partly offset by an escalating expense level, which was primarily due to a significant increase in provision for credit losses.AFRM incurred a fiscal first-quarter loss of 31 cents per share, which was narrower than the Zacks Consensus Est ...