About
Information is our nourishment. Say hello to the data gods.
Meet Our Team
Consumers speak. We listen, analyze, and dig deep. You win!
Learn More
Solutions
Receive alerts and reports to power your fund management. Partner with our team of analysts to take your research to the next level.
Learn More
Plug our consumer-demand-data directly into your client-facing software, tools, and platform or work with us to create custom, high-value content your customers will love.
Learn More
Testing our data is like jumping in a time machine to compare market gains and losses against reliable and annotated historical data.
Learn More
Track specific tickers, receive alerts, and watch sector-specific trends. Drill down on individual stocks and see where consumer sentiment aligned with gains and losses in trading.
Learn More
Who We Serve
LikeFolio is your research secret weapon to sniff out game-changing shifts in the market before they happen.
Learn More
LikeFolio is source of quantitative data based upon real consumer insights to power your investment engine.
Learn More
LikeFolio is your content pipeline positioning your tool as an indispensable resource to your customers.
Learn More
LikeFolio has partnered with Tradesmith to build Derby City Insights and bring our powerful insights engine to private investors.
Learn More

Affirm (AFRM) Reports Staggering Sales Growth

May 11, 2021

Affirm (AFRM) Reports Staggering Sales Growth

LikeFolio recently issued a bullish alert for Affirm Holdings (AFRM), citing strong growth in underlying Consumer Demand. Affirm’s Purchase Intent Mentions have maintained their upward trajectory, currently up +66% YoY on a 90-day moving average.
That Demand growth was on full display yesterday, when AFRM reported impressive results for 21Q3 (ended 3/31/21):

  • Gross Merchandise Volume (GMV): +83% YoY (vs. +77% in 2020)
  • Active Consumers: +60% YoY (vs. +92% in 2020)
  • Transactions per Active Consumer: +10% YoY (vs. +5% in 2020)
  • Revenue: +67% YoY(vs. +89% in 2020)


Despite topping sales growth expectations and raising guidance for the remainder of the 2021 fiscal year, AFRM shares are trading down -4% today after bouncing off an all-time low this morning.
 The reason? Affirm posted a record GAAP Operating Income loss, roughly -$169M for the quarter. Additionally, a few institutions drastically lowered their price targets this morning.

Buy-Now-Pay-Later’(BNPL) Showing Relative Strength

Despite AFRM’s near-term profitability concerns, we’re maintaining a bullish outlook for the 'Buy-Now-Pay-Later' (BNPL) space at large.

Point-of-Sale loan specialists, such as Affirm, Afterpay (AFTPF), and Sezzle (SEZNL) are experiencing rapid consumer adoption.

Comparing YoY Purchase Intent Mention growth for the BNPL companies against that of traditional competitors highlights their current edge.

Millennial and Gen Z consumers have shown a lasting preference for BNPL.

During the 21Q3 earnings conference call, Affirm’s CEO noted that, “Priceline shared with us… that Affirm helps them expand their reach among millennial and Gen Z consumers.”

As the purchasing power of this younger cohort grows, we’ll be watching to see if the current preference for BNPL solutions persists over time.

Related Posts

The Buy Now Pay Later Industry is Booming

The Buy Now Pay Later Industry is Booming Consumer preferences […]

Read More
Consumers are Ready to Spend

Consumers are Ready to Spend Never underestimate American consumers' proclivity […]

Read More
Square Surprises the Market ($SQ)

Square Surprises the Market ($SQ) Square, a leading digital payment […]

Read More
1 2 3 4

Related Posts

KEEP YOUR COMPETITIVE EDGE

Get FREE insights in your inbox every week with the Daily Drop.

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

Partner Sites

© 2023
 LikeFolio. All Rights Reserved.
Privacy Policy
|
Terms of Use
LikeFolio userslaptop-phonepie-chartselect