Affirm Stock Sinks Despite Better-Than-Expected Q3 Results

Affirm Holdings reported a narrower-than-expected third-quarter loss of 1 cent per share, beating estimates of a 3-cent loss, according to Benzinga. Revenue reached $783.13 million, slightly above expectations and up from $576.16 million last year. Active consumers rose 23% to 21.9 million, and active merchants increased 23% to 358,000 by quarter’s end. CEO Max Levchin said demand remains strong, with gross merchandise volume growing for the third straight quarter and momentum continuing into April. He added that credit outcomes align with forecasts, and the company is closely monitoring for macroeconomic stress while adjusting its models as needed.