Bloomberg Talks
Affirm Holdings Chairman Max Levchin Talks Q2 Results
Feb 9, 2024
Max Levchin, Affirm Holdings Chairman/CEO/Founder, discusses the impact of evolving pop culture on our lives, highlights their strong performance and growth in various products, and addresses concerns about potential slowdown and commitment to results and guidance strategy.
06:38
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Quick takeaways
- Affirm Holdings saw strong growth in active cardholders, increasing from 400,000 to 700,000, attributed to the success of their diverse range of products and the strength of their policy.
- Despite concerns about the economy, Affirm Holdings observed increased share wallets across multiple partners, their ability to engage with consumers, and maintain a low delinquency rate, showcasing their confidence in attracting and retaining a strong consumer base.
Deep dives
Positive Financial Performance and Growth
The firm CEO, Max Leifshan, discussed the company's strong financial performance. Despite the slight miss in transaction volume estimates, the firm exceeded expectations and showcased strong growth across the board. Leifshan emphasized the significant growth in active cardholders, with numbers increasing from 400,000 to 700,000. He attributed the company's overall growth to various factors, including the success of their diverse range of products and the strength of their policy. Leifshan expressed confidence in the company's future performance and reassured investors by emphasizing their commitment to continue delivering positive results.
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