Affirm CEO Highlights Resilience of American Consumer Amid Economic Concerns
Affirm CEO Max Levchin stated that the American consumer remains resilient despite economic concerns, citing strong spending and repayment trends. The company reported better-than-expected quarterly results with a 35% increase in gross merchandise volume and a 33% rise in revenue. Levchin noted increased spending in travel, ticketing, and home goods, with no signs of deterioration in financial health.
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Topics: buy now pay later consumer behavior earnings economic sentiment financial resilience