Earnings movers | AFRM GMV climbs 28% yoy; DUOL lifts booking guidance
1. Fintech companies posted diverged earnings: $Affirm Holdings, Inc.(AFRM)$ +11.21% vs. $Upstart Holdings, Inc.(UPST)$ -27.30%
Buy-now-pay-later operator $Affirm Holdings, Inc.(AFRM)$ reported revenue for the quarter came in at $497 mln, beating by 11.82%.
Merchandise volume climb 28% year over year to $5.6 billion.
Upstart, online lending platform that partners with financial institutions to provide loans to consumers, missed quarterly results and outlook.
Upstart's reliance on third-party funding poses a significant risk to the company.
2. $Warner Bros. Discovery(WBD)$ sinks 19%
Wider-than-expected losses in Q3 and decling ad revenue (down 12% yoy)
Loses 700,000 global DTC subscribers in Q3.
3. $Duolingo, Inc.(DUOL)$ , the language platform, popped 9%
Beating expectations and offering beatter guidance for Q4.
Bookings expects to be $167 million - $170 million, beating by 6.85%.
4. $Twilio(TWLO)$ , the cloud stock jumped 7.3%
Twilio earned 58 cents per share, beating by 65%.
Expand its customer base: active customer accounts increases 9.29%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.