2024-03-22 15:35:02 ET
Affirm Holdings, Inc. (AFRM)
Affirm CFO Fireside Chat
March 22, 2024 12:00 PM ET
Company Participants
Michael Linford - CFO
Conference Call Participants
Andrew Bauch - Wells Fargo
Presentation
[Call Starts Abruptly] recent trends and the outlook for the company, which has been incredibly strong for the last couple years. So Michael, thank you for joining with us today.
Michael Linford
Thank you for having me.
Andrew Bauch
Maybe we could just begin with last quarter. I mean, it feels like the holiday shopping season is kind of like so far in the rear view, but it'd be really great to just discuss that momentum that you carried out of the quarter. I mean, 32% GMV growth continues to be strong and above your medium term targets and revenue growth at 48%, just really impressive way to end calendar 2023.
Michael Linford
Yes. We feel like we had a really good quarter. We were able to grow GMV at a very healthy clip. We grew revenue faster than GMV. Our unit economics, the revenue less transaction costs, the transaction economics were really strong, solidly in our 3% to 4% long term guidance. And I think that's a reflection of a lot of the hard work the team put in over the past 12 and 18 months. As you know, we've been navigating through a lot of volatility in the macro. The last quarter showed what happened when this team gets focused. Max really hit it in the letter and we’d encourage all investors to take a read on it. But we were a really focused team and that focus showed up with really excellent execution and really, I think surprising a lot of folks around our ability to execute in any macro environment....
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Affirm Holdings, Inc. (AFRM) Affirm CFO Fireside Chat (Transcript)