Affirm Holdings surges after Q1 revenue beat, strong GMV projection

BNPL lender Affirm Holdings' AFRM.O shares rise 10.2% to $72.7 premarket

Co late on Thursday posted Q1 revenue of $933.3 million, beating analysts' average estimate of $881.7 million - data compiled by LSEG

AFRM projected Q2 revenue between $1.03 billion and $1.06 billion, analysts expect Q2 revenue of $1.05 billion

Co expects gross merchandise value (GMV) of more than $47.5 billion for the full-year vs analysts expectation of $43.4 billion

GMV is the total dollar amount of goods sold through an online marketplace over a certain period, It shows how much business a platform is doing

As of last close, AFRM shares are up 8.3% YTD