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Affirm reported a net revenue of $509.5m for the fiscal year that ended on June 30, 2020. That’s up nearly 93% from the same period in 2019. The company has also been getting its losses under control, with net losses falling from nearly $120.5m in fiscal year 2019 to around $112.6m during fiscal year 2020.
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“Following the onset of the COVID-19 pandemic, our revenue from merchant partners in the travel, hospitality, and entertainment industries declined, but we saw a significant increase in revenue from merchant partners offering home fitness equipment, home office products, and home furnishings, though we may see potential downswing in these categories if the trends we have seen thus far in the COVID-19 pandemic reverse,” the company wrote.
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