Q4 results beat expectations Affirm Holdings (AFRM.US) continues to rise over 5%

Zhitong Finance learned that Affirm Holdings (AFRM.US) continued its rise on Friday, up more than 5% to $43.9 at the time of writing. The company reported better-than-expected fourth-quarter results, and its stock rose 31.92% on Thursday, its largest single-day gain in three years and its third-largest since its January 2021 IPO. Affirm Holdings' Q4 revenue grew 48% year-on-year to $659 million, topping analysts' expectations of $604 million; its net loss narrowed to $45.1 million from $206 million a year ago; and its adjusted loss per share was $0.14, topping analysts' expectations of $0.51.

Affirm expects its first-quarter revenue in fiscal 2025 to be between $640 million and $670 million, topping analysts' expectations of $625 million. Affirm CEO Max Levchin said the company has set a new goal to achieve GAAP operating profit before the fourth quarter of fiscal 2025.