Affirm (AFRM) shares are soaring after the buy now, pay later company beat its fiscal fourth quarter revenue expectations, also narrowing its expected losses...
Affirm CFO Michael Linford joins Asking for a Trend to discuss what the company is seeing about consumer behavior.
As the buy now, pay later market expands, Linford notes that it is"part of this secular shift where consumers have decided that they'd like to move away from credit cards and find alternate ways to pay for things over time." He believes that this market has more room to grow and that the company is not constrained within these parameters.
And so I don't know about the consumer outside of a firm, but I do know that the consumer, our consumer at a firm is engaging in a really constructive way and delivering really good credit results, Michael, you know, you do have um obviously rivals in the space, right?Uh how big is your, your total addressable market, Michael, what do you think about it?Yeah, the category is growing very quickly and the address market is big and expanding.
So we have a lot of runway again and we're not feeling constraints around bumping up against addressable markets.Isn't really that surprising in our business, Michael.A man left by his group of office coworkers to complete his final push to the summit of a Colorado mountain became disoriented and fell multiple times during a night on the mountain in freezing rain and high winds.
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