Affirm CEO on earnings beat: We have 'absolutely not' lowered lending standards

Financial Performance - Firm's shares increased by over 16% following strong results and guidance [1] - Gross Merchandise Volume (GMV) rose by 43%, reaching $10.4 billion [1] - Active card users nearly doubled [1] - Average loan size is in the low couple hundred dollars, trending down to approximately $400 [7][8] Credit Quality and Risk Management - Firm maintains high credit standards, prioritizing credit quality [3] - Delinquency numbers are holding up well [2] - Firm underwrites every transaction, including 0% APR loans, to manage risk [8][9][12] - Firm adjusts its models and credit standards for macroeconomic changes, such as student loan payments resuming [11][12] Growth and Adoption - Shares are up 130% over the last year [1] - Growth is driven by broad adoption of the product, brand trust, and acceptance as a payment method [3][4] - Consumers are transacting more frequently [5] - Growth is broad-based across multiple categories [6] - 0% APR loans are a compelling way for new users to experience the firm's services [8][10]