Affirm Holdings, Inc. Stock Price, News & Analysis

Affirm Holdings, Inc. has announced the pricing of a private offering of $1.5 billion in 0% Convertible Senior Notes due 2026, increasing from a previously stated $1.25 billion. The offering includes an option for additional $225 million in Notes. The net proceeds are expected to be approximately $1.48 billion, intended for general corporate purposes and future growth. The Notes will be due on November 15, 2026, and the initial conversion price is set at $215.65 per share, reflecting a 55% conversion premium.

Affirm Holdings (Nasdaq: AFRM) announced a private offering of $1.25 billion in Convertible Senior Notes due 2026. The offering may increase by $187.5 million if initial purchasers exercise their options. Proceeds will support general corporate purposes and future growth initiatives like working capital and investments. The Notes will be senior, unsecured obligations, convertible under specific conditions. No registration under the Securities Act will occur, meaning the offering is limited to qualified institutional buyers.

Affirm Holdings (NASDAQ: AFRM) will take part in two virtual investor conferences. CFO Michael Linford is scheduled for a fireside chat at the RBC Global TIMT Conference on November 16, 2021, at 4:00 PM ET, and at the Citi FinTech Conference on November 17, 2021, at 1:30 PM ET. Both events will be webcast live on the company's investor relations site, with replays available afterward. Affirm aims to provide transparent financial products, promoting responsible spending and saving for consumers, and supporting business growth.

Affirm Holdings, Inc. (AFRM) exceeded its first quarter fiscal 2022 financial outlook, reporting a 55% increase in total revenue to $269.4 million and an 84% rise in gross merchandise volume (GMV) to $2.7 billion. The company expanded its active merchants to 102,000 from 6,500 and active consumers surged 124% to 8.7 million. Despite significant growth, Affirm posted a net loss of $306.6 million due to increased stock-based compensation and expenses related to its Amazon partnership. The company raised its 2022 outlook for GMV and revenue.

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.