Andrew Wang and Brian Seay discuss Buy Now Pay Later stock Affirm (AFRM) and its earnings report.

Affirm Holdings (AFRM)

  • Mixed results for the quarter with a revenue beat and EPS miss
  • Management lowered guidance for the full-year and quarter
  • BNPL popularity growing with 61% of consumers aged 18 to 24 having used BNPL
  • Peloton sales are no longer driving Affirm's revenue growth
  • Fintech companies are sensitive to a potential recession