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AFFIRM HOLDINGS, INC.

(AFRM)
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Affirm : 1 in 2 Americans Would Rather Take a Vacation Than Visit Family This Holiday Season

09/28/2021 | 03:22pm EST

SAN FRANCISCO - September 28, 2021 - Over half of Americans would rather take a getaway than have a traditional family get-together this holiday season, according to the latest Affirm Consumer Spend Report, Affirm's look at what consumers are up to-and where they're headed next. The survey revealed U.S. consumers are getting an early-start on holiday planning, as one in four will have started shopping in October - and this year, 54% say they'll spend more on experiences, such as traveling or attending and hosting parties, over physical gifts.

Amidst the excitement of booking a long-awaited getaway and visiting loved ones again, over 60% of respondents are concerned that they can't afford to travel as they would like to, given spikes in prices. What's more, 74% of travelers say they'll spend more on travel this holiday season than ever before.

Ahead of the busy holiday season, Affirm is partnering with actress and travel enthusiast Nina Dobrev to share her gift ideas and budgeting hacks. "This holiday season, I'm thinking outside the box and gifting my loved ones with fun experiences like vacations, while also taking the time to plan a few getaways with my closest friends in the new year," said Nina. "Finding affordable travel can be difficult, so I'm excited to partner with Affirm, which gives people the option to book trips while paying over time - making it much easier to stay in budget."

Additional key findings include:

  • A vacation (e.g. flights, hotel room, travel package) is the top gift Americans hope to receive this holiday season

  • More than a quarter (26%) of respondents plan to gift a vacation to loved ones this year

  • Over a third (38%) will celebrate the holiday season by traveling to be with family

    • Of these respondents, nearly a third (27%) plan to stay at a hotel or vacation home rental, as opposed to their their family or in-laws' home

With Affirm, eligible consumers can book holiday flights, accommodations and more at popular merchants such as Vrbo, Expedia, Delta Vacations and Priceline, while paying at their own pace. If approved, consumers can select Affirm at checkout and spread out purchases into budget-friendly biweekly or monthly payments, with no hidden or late fees.

About Affirm

Affirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network - one based on trust, transparency and putting people first - we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | Twitter.

Payment options through Affirm are subject to an eligibility check, may not be available in all states, and are provided bythese lending partners: affirm.com/lenders. CA residents: Loans by Affirm Loan Services, LLC are made or arranged pursuant to a California Finance Lender license.

Press Contact

Brittany Jackson

press@affirm.com

650-398-2715

Disclaimer

Affirm Holdings Inc. published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 19:21:03 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2022 1 272 M - -
Net income 2022 -636 M - -
Net Debt 2022 862 M - -
P/E ratio 2022 -50,0x
Yield 2022 -
Capitalization 30 135 M 30 135 M -
EV / Sales 2022 24,4x
EV / Sales 2023 17,3x
Nbr of Employees 1 876
Free-Float 55,2%
Chart AFFIRM HOLDINGS, INC.
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Technical analysis trends AFFIRM HOLDINGS, INC.
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 107,24 $
Average target price 166,85 $
Spread / Average Target 55,6%
EPS Revisions
Managers and Directors
Max R. Levchin Chairman & Chief Executive Officer
Michael Linford Chief Financial Officer & Secretary
Libor Michalek Director & President-Technology
Jeremy Liew Independent Director
Jeremy G. Philips Independent Director
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