Affirm Holdings (Nasdaq:AFRM) had cumulative revenue of $761 million for the first six months of fiscal 2023

Affirm Holdings (Nasdaq:AFRM) released its fiscal 2023 Q2 financial report, with cumulative revenue of $761 million in the first six months of fiscal 2023, compared to $630 million in the same period last year, an increase of 20.75% year-on-year. The cumulative net loss in the first six months of fiscal 2023 was US$574 million, compared to a cumulative net loss of US$466 million in the same period last year, an increase of 23.02% year-on-year. Affirm now expects fiscal 2023 revenue of $1.475 billion to $1.550 billion, compared to its previous expectation of $1.6 billion to $1.675 billion and the consensus expectation of $1.64 billion. The company expects gross merchandise trading (GMV) of $19 billion to $20 billion, compared with its previous forecast of $20.1 billion to $21.5 billion.

Affirm Holdings (Nasdaq:AFRM) had cumulative revenue of $761 million for the first six months of fiscal 2023 Read Post »

Lyft, Inc.(NASDAQ:LYFT) reported Q4 2022 revenue of $1.2 billion, up 21% year-over-year

February 9, 2023 – Lyft, Inc.(NASDAQ:LYFT)  announced financial results for the fourth quarter and fiscal year ended December 31, 2022. The company said it projects Q1 revenue of $975 million. Analysts polled by Capital IQ are looking for $1.10 billion. Revenue for the quarter ended Dec. 31 was $1.18 billion , Analysts polled by Capital IQ expected $1.15 billion. Q4 revenue per active rider was $57.72, up 11.5% year-over-year. Analysts polled by Visible Alpha expected $56.61. Fourth Quarter 2022 Highlights Revenue of $1.2 billion grew 21 percent from $969.9 million in Q4 2021. Relative to revenue of $1.1 billion in the third quarter of 2022, revenue grew 12 percent. We strengthened our insurance reserves and accrued and other current liabilities by $375 million, with $225 million reflected in cost of revenue and $150 million in general and administrative expenses. Net loss of $588.1 million compares with a net loss of $283.2 million

Lyft, Inc.(NASDAQ:LYFT) reported Q4 2022 revenue of $1.2 billion, up 21% year-over-year Read Post »

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