Affirm Holdings (NASDAQ: AFRM) reported Q1 EPS of ($1.13), $0.83 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $269.4 million versus the consensus estimate of $248.23 million.

• Today, the Company announced that it has expanded its relationship with Amazon. Affirm will be generally available to support all eligible purchases of $50 or more on Amazon.com and the Amazon shopping app in the United States. Consumers will have the option to split the total cost of eligible purchases into monthly payments at checkout with no late or hidden fees, ever. As part of an amended agreement, Affirm will serve as Amazon's only third party, non credit card, buy now, pay later ("BNPL") option in the U.S. Until January 2023, Amazon will be subject to certain restrictions on providing other installment products in the U.S. by other BNPL providers. Affirm will also be integrated into Amazon Pay’s digital wallet in the U.S. In conjunction with the amended agreement, Amazon will receive multiple tranches of warrants to purchase shares of Affirm's Class A Common Stock, some of which are subject to satisfaction of certain performance obligations and vesting conditions. Additional details are included in a Form 8-K filing that will be available here

Financial Outlook:

The following table summarizes Affirm's financial outlook for the fiscal second quarter and full year 2022 periods.

For earnings history and earnings-related data on Affirm Holdings (AFRM) click here.