Affirm Holdings, Inc. (NASDAQ:AFRM) Q4 2022 Earnings Conference Call August 25, 2022 5:00 PM ET
Company Participants
Rob O’Hare – Senior Vice President-Finance
Max Levchin – Founder and Chief Executive Officer
Michael Linford – Chief Financial Officer
Conference Call Participants
Ramsey El-Assal – Barclays
Dan Perlin – RBC Capital Markets
James Faucette – Morgan Stanley
Jason Kupferberg – Bank of America
Moshe Orenbuch – Credit Suisse
Rob Wildhack – Autonomous
Reggie Smith – JPMorgan
Michael Ng – Goldman Sachs
Andrew Jeffrey – Truist Securities
Chris Brendler – D.A. Davidson
Operator
Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Affirm Holdings' Fiscal Year 2022 Fourth Quarter Earnings Conference Call. At this time all lines have been placed on mute to prevent any background noise. Following the speakers' remarks, we will open the lines for questions. As a reminder, this conference call is being recorded, and a replay of the call will be available on our Investor Relations website for a reasonable period of time after the call.
I'd now like to turn the call over to Rob O’Hare, Senior Vice President of Finance to begin. Please go ahead, sir.
Rob O’Hare
Thanks, operator. Before we begin, I would like to remind everyone listening that today's call may contain forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including those set forth in our filings with the SEC, which are available on our Investor Relations website. Actual results may differ materially from any forward-looking statements we make today. These forward-looking statements speak only as of today, and the company does not assume any obligation or intend to update them, except as required by law.
In addition, today's call may include non-GAAP financial measures. These measures should be considered as a supplement to and not a substitute for GAAP financial measures. For historical non-GAAP financial measures, reconciliations to the most directly comparable GAAP measures can be found in today's earnings press release, which is available on our Investor Relations website. Hosting today's call are Max Levchin, Affirm's Founder and Chief Executive Officer; and Michael Linford, Affirm's Chief Financial Officer.
With that, I'd like to turn the call over to Max to begin.
Max Levchin
Thank you for joining us on this call. The fourth quarter capped off an exceptionally strong fiscal 2022 for Affirm. We have once again posted a very healthy set of numbers, beating our own financial targets. We executed well throughout the quarter, meeting U.S. consumer spend where it was. With COVID restrictions nearly gone, getting out of the house and out of town became a huge draw. While homewares and fashion experienced something of a retreat to more normal levels of growth, we were able to help our long-time partners and online travel agencies have a banner quarter, posting triple-digit year-on-year growth in some cases. We had anticipated this shift a little while ago and recently announced some timely new partnerships in the space like Agoda and SeatGeek.