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%.
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