Affirm Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 08, 2024 at 05:26 pm EST
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Affirm Holdings, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 280.33 million compared to USD 222.74 million a year ago. Revenue was USD 591.11 million compared to USD 399.56 million a year ago. Net loss was USD 166.9 million compared to USD 322.44 million a year ago.
For the six months, sales was USD 494.04 million compared to USD 426.2 million a year ago. Revenue was USD 1,087.66 million compared to USD 761.18 million a year ago. Net loss was USD 338.69 million compared to USD 573.71 million a year ago.
Affirm Holdings, Inc. provides a platform for digital and mobile-first commerce. The Company's platform comprises three core elements: point-of-sale payment solutions for consumers, merchant commerce solutions, and a consumer-focused app. Its point-of-sale solutions allow consumers to pay for purchases in fixed amounts without deferred interest, late fees, or penalties. It offers commerce enablement, demand generation, and customer acquisition tools. Consumers can use the app to apply for installment loans, and upon approval, they can use the Affirm Card digitally online or in-stores to complete a purchase. The Companyâs platform provides consumer and merchant features. Its consumer features include checkout, consumer borrowing, virtual card, affirm app and marketplace and Affirm debit+ card. Its merchant features include affirm at Checkout, merchant dashboard, analytics, client success support, affirm app, and returns management, among others.
AFFIRM HOLDINGS, INC. 
