Affirm Holdings, Inc. (NASDAQ:AFRM) Goldman Sachs Communacopia + Technology Conference 2024 September 11, 2024 4:45 PM ET

Company Participants

Max Levchin – Founder and CEO

Conference Call Participants

William Nance – Goldman Sachs

William Nance

All right. So we’re going to kick it off today. Very excited to have Max Levchin here, Founder and CEO of Affirm, who just put up a series of really strong quarters. Closed out the year, now guiding to around 30% GMV growth in fiscal ’25. Expect to exit the fiscal year profitable on a GAAP basis. How would you frame the top strategic priorities for you and the management team over the next 1 to 2 years?

Max Levchin

I’ll take a second. But first I owe you all an apologize. Sorry, it’s entirely my fault that I showed up late. I hope did not get too bored in the [interceding] (ph) 5 minutes, but please forgive my tardiness. So as far as our goals are concerned, one thing that sort of fits in the letter, I say it a little time, I’ll say it again, just for those who care, there is nothing unnatural about the results we posted and the forecasts we make and the GAAP profitability. No changes were made to how we run the business or what we thought we needed to do.

Like the only reason we said, hey, we’re going to be go profitable by the end of the fiscal year, is because it’s so close. We have a very high degree of confidence that will actually happen, and there’s nothing that’s going to be a bump in the road. But there was no contortions involved in getting to this particular set of good quarters, just to get execution. And so within that framework, what it takes to continue executing at this rate or to get to

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