Affirm CEO: Profits will be the name of the game from now on

Core Insights - Affirm is positioned for profitability after years of investments impacting its bottom line, with gross merchandise volume (GMV) increasing by 43% year-over-year to $10.4 billion and revenue rising by 33% to $876 million, marking the company's first operating profits [1] Financial Performance - The Affirm card contributed significantly to growth, with GMV increasing by 132% to $1.2 billion and active cardholders rising by 97% to 2.3 million [2] - For the upcoming fiscal year, Affirm anticipates approximately 25% growth in GMV [2] Strategic Expansion - The company plans to expand internationally following successful launches in the UK and Canada, with a focus on enhancing the Affirm card's use cases [3] - New features and experiences for the Affirm card are in development to ensure its usability in various markets, as demonstrated by recent successful transactions in Norway [3] Market Sentiment - Affirm's stock has increased by 44% year-to-date, with a majority of sell-side analysts (36 out of 44) rating the stock as a Strong Buy or Buy [4] - Analysts express confidence in Affirm's growth trajectory, citing core growth, new channels gaining scale, and accelerating profitability, while acknowledging potential volatility due to consumer spending trends [5]