Youtube·2025-11-07 21:59Core Insights - The performance of two fintech companies, Affirm and Block, diverged significantly, with Affirm showing strong growth while Block faced ongoing challenges [2][5]. Affirm - Affirm reported a remarkable quarter with a 42% surge in transaction volume and earnings per share (EPS) more than doubling street estimates, despite losing the Walmart deal [2]. - The Affirm card, aimed at capturing point-of-sale payments, saw its volume more than double year-over-year, indicating strong consumer adoption [3]. Block - Block, led by Jack Dorsey, experienced its fourth consecutive double miss on both revenue and earnings, marking a troubling trend with six straight revenue misses [3][4]. - Although payment volume increased, profits did not keep pace, leading to concerns about persistent margin issues, attributed to elevated processing costs [4]. - Cash App showed strong performance with a 134% increase in borrowing, but this was already anticipated by the market, putting pressure on Block to provide positive guidance at the upcoming investor day [5]. Market Reaction - Block's stock has declined nearly 27% this year, reflecting investor concerns and the need for clearer positive signals from the company [6].