We scour the net for great ideas, so you don't have to
Claim this username to collect earnings from this post, and the portfolio!
So Amazon just reported earnings today, and as I expected, it was a doozy. However there's an amazing overly-bullish perspective to takeaway here for Affirm
share call holders. Amazon's net product sales for Q3 21 was over $54b. That's a whole lotta billions of new revenue for Affirm*.*
And as I wrote yesterday, Affirm is now live for all US residents on the Amazon marketplace.
Let's remember, Affirm crushed analysts forward guidance expectations, excluding any revenue from Amazon -- not to mention, the recent partnerships with Walmart, Target, American Airlines and their Affirm Debit+ card.
I repeat... Amazon, Walmart, Target, American Airlines & Affirm debit+ is NOT including in their forward guidance. My fucking goodness, they might grow over 1000% YoY.
And after doing some digging on financial comparisons of how much money Affirm brings in from Peloton, I found this:
Peloton accounted for 31% of their first 9 months of total sales for fiscal 2021 ($5.8b * .31 = $1.798b). $1.79b of Peloton bikes was paid via Affirm for the first 9 months...
Let's run a fun potential scenario. Let's say 5% of Amazon retail sales from Q3 2021 is paid via Affirm. ($54b *0.05 = $2.74b). Low end range could be $2.74b in revenue from Amazon ALONE! In one friggin quarter. If you combined Walmart, Target and American Airlines... you could double that... and easily estimate $5b in additional revenue - in a single quarter!
Summary: I'm guessing Affirm could have a +100% QoQ growth from Q4 to Q1 (2021-2022). Buckle in folks....
$200 coming soon!