economy
Affirm CEO says 'the American consumer is unbelievably resilient'
Affirm CEO Max Levchin said consumer sentiment remains strong, calling the American consumer "unbelievably resilient."
TL;DR
- Affirm exceeded quarterly expectations with a 35% rise in gross merchandise volume and a 33% increase in revenue.
- The company raised its full-year financial forecast.
- CEO Max Levchin described American consumers as resilient, actively shopping and meeting financial obligations.
- Spending trends are healthy across travel, ticketing, and home goods categories.
- Affirm has not seen signs of declining consumer spending activity or credit quality.