Affirm Holdings, Inc. Stock Price, News & Analysis

Affirm (NASDAQ: AFRM) launched its 'Holiday Smart' campaign, addressing holiday shopping anxieties faced by consumers, with over 60% expressing stress about budgeting. The initiative highlights the benefits of Affirm's payment solution, which allows users to pay over time without late or hidden fees. The campaign will utilize out-of-home advertising in Atlanta and Chicago, alongside digital and social media placements, featuring actress Nina Dobrev. It aims to distinguish Affirm in the rapidly growing pay-over-time industry, where more than half of consumers plan to utilize such services this holiday season.

Affirm Holdings (NASDAQ: AFRM) will hold a conference call and webcast on November 10, 2021, at 5:00 pm ET to discuss its first quarter fiscal year 2022 financial results. The call will feature Max Levchin, CEO, and Michael Linford, CFO. Interested parties can access the live webcast via the Company's investor relations website. A press release will precede the call, announcing the financial results after market close on the same date.

Affirm (NASDAQ: AFRM) has partnered with American Airlines to allow eligible travelers to book flights on AA.com and pay over time through Affirm's payment plan.

Starting now, travelers can split flight costs into monthly payments without hidden fees or late charges. This initiative caters to consumers prioritizing travel while managing budgets, especially during the holiday season.

According to a recent survey, 74% of Americans plan to spend more on travel this year, highlighting the demand for flexible payment options.

Affirm (NASDAQ: AFRM) has expanded its payment options, allowing consumers to purchase Theory's sportswear and accessories in four biweekly interest-free payments with no hidden fees. Customers spending over $50 can benefit from this flexible payment method, enhancing their shopping experience on theory.com. This partnership aims to increase sales and customer retention, with merchants using Affirm reporting 85% higher average order values. Affirm's mission focuses on providing transparent financial products that empower consumer spending.

Affirm (NASDAQ: AFRM) has launched Adaptive Checkout, a feature that offers a variety of personalized payment options at checkout. Merchants using this service reported significant increases in sales metrics: a 26% rise in cart conversion, 22% lift in approvals, and 20% boost in sales compared to standard monthly payment offerings. This solution tailors payment options based on transaction size and real-time underwriting, reinforcing Affirm's commitment to transparency by ensuring no hidden fees for consumers.

The first Affirm Consumer Spend Report reveals that 70% of Americans typically exceed their holiday budget, with nearly half planning to spend more this year due to prior celebrations being limited. Over half intend to prioritize experiences over gifts, with 42% favoring memorable experiences as gifts. Financial concerns are prevalent, with 41% worried about budgeting. A majority (61%) have started shopping earlier than Black Friday to manage expenses. Affirm's flexible payment solutions are gaining traction, with 56% interested in their options to help maintain financial discipline.

Affirm Holdings (NASDAQ:AFRM) reported a significant acceleration in its fourth quarter of fiscal year 2021 with GMV growth of 106% and total revenue growth of 71% year-over-year. Active consumers increased by 97%, reaching 7.1 million, while active merchants surged by 412% to nearly 29,000. Despite the success, the company faced an operating loss of $124.7 million and a net loss of $128.2 million due to increased stock-based compensation post-IPO. For fiscal year 2022, Affirm forecasts GMV growth of at least 50%, aiming to capitalize on partnerships with major players like Amazon.

Affirm Holdings (NASDAQ: AFRM) announced that CFO Michael Linford will participate in a virtual fireside chat at the Deutsche Bank Technology Conference on September 10, 2021, at 10:00 am ET. The discussion will be streamed live on the company’s investor relations website. A replay will be available afterward. Affirm is dedicated to providing transparent financial products that empower consumers to manage spending and saving responsibly.