BUZZ-Affirm soars on upbeat FY2025 revenue forecast

Shares of buy-now-pay-later lender Affirm Holdings AFRM.O jump 15.5% at $71.40 in trading before the bell

AFRM on Thursday, after market close, forecast FY2025 revenue above estimates, and swung to quarterly profit

Co forecast annual revenue between $3.13 bln and $3.19 bln, above Street's estimates of $3.09 bln - LSEG-compiled data

AFRM posted profit of 23 cents per share for the three months ended Dec. 31, compared with a loss of 54 cents last year, and a loss of 31 cents last quarter

Gross merchandise volume - the total dollar amount of all transactions on the Affirm platform - surged nearly 35% to $10.1 billion in the quarter

AFRM shares gained ~24% in 2024