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
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