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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Okay, a firm shares are down around thirteen percent, put

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Speaker 2: in them on track for their biggest drop since October

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Speaker 2: after the buy now, Pay Later Companies twenty twenty four

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Speaker 2: forecast the annual transaction volume slightly missed estimates. Please to

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Speaker 2: say a firm CEO max leftin joins us now and

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Speaker 2: that seems to be the pretty micro focused max the

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Speaker 2: forecast for transaction volume. Should the street be concerned about that?

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Speaker 3: Now? I'm great, I can't. I can't give the street

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Speaker 3: that credit. What's over.

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Speaker 1: We've had it absolutely blowout order every number, a top

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Speaker 1: to bottom increase our estimates or biguring forward and are

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Speaker 1: showing your signed up slowing down or because or ABM. Sorry,

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Speaker 1: I'd rarely argue with the market, but the team too hard,

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Speaker 1: accomplished too much, too well.

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Speaker 2: Indioking, we're just showing the highlights from the court had gone.

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Speaker 2: And you know, top line you beat considerably, matching what

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Speaker 2: the street expected from a loss per share. What was

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Speaker 2: the biggest factor on that top line growth of all

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Speaker 2: of the different products you're now offering.

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Speaker 1: I think across the board we did extremely well. We

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Speaker 1: posted just really strong party season. Our partners chopped by

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Speaker 1: or a large contributor to our growth of pacing the

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Speaker 1: average hard and detailing. We bragged about one hund thousand

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Speaker 1: active part bolders our November in Ust event on need

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Speaker 1: to show that we have some one hundred thousand patches

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Speaker 1: right now. There's a there's quite a lot of things

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Speaker 1: that contributed to the growth Football role company.

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Speaker 3: That's just across the board. We did well.

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Speaker 4: Can I dig in a bit more on the gross

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Speaker 4: merchandise volume and value? And I mean, ultimately you call

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Speaker 4: it out in your earnings and you said, we've posted

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Speaker 4: the fastest year over year GMV growth rate in over

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Speaker 4: a year. And you're basically saying, look, we can show

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Speaker 4: how we operate our business with excellence. Then give you

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Speaker 4: this moment to speak to an investor in an analyst

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Speaker 4: community that is saying, look, they're slightly worried about what

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Speaker 4: they think is a GMV deceleration for the second half

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Speaker 4: fiscal second half of twenty twenty four. You say, it's

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Speaker 4: the guidance is the flaw? What more can you say

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Speaker 4: to an investor base that for some reason is determining

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Speaker 4: this as a slowdown and they're worried.

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Speaker 1: Now, I think the best wage in speak for investors

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Speaker 1: is about posting more results a arm of.

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Speaker 3: Trust.

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Speaker 1: Be I'm mat at Kirk's always met with great skepticism.

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Speaker 1: So we'll just continue post results. The results for last

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Speaker 1: for more than speaks themselves, flow out, growth, share on

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Speaker 1: It's the exact number that we were getting bored as

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Speaker 1: looks gunning.

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Speaker 3: We're better at better coperties. That gets the blower and

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Speaker 3: we don't want to.

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Speaker 1: Teach our guidance strategy at all, like me, are going

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Speaker 1: to age ours love well.

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Speaker 4: A lot of anists can see that truest securities Andrew

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Speaker 4: Jeffrey saying that we'll be a surprise by the magnitude

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Speaker 4: of the slow down. Bloomberg Intelligence also saying that they

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Speaker 4: don't see They see momentum and they don't see this

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Speaker 4: sort of slow down. So tell us about momentum and

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Speaker 4: ultimately about a US consumer that feels rubbish about the economy,

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Speaker 4: but the economy still continues to go incredibly Well, what

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Speaker 4: are you seeing from a determination to spend and to

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Speaker 4: spend with you?

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Speaker 1: So the pure wallet across our many day partners is

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Speaker 1: generally in creating and very happy about that.

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Speaker 3: Yours consumer.

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Speaker 1: I think every few to speak on behalf of your

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Speaker 1: consumer are dealing a little bit differently than they are

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Speaker 1: acting and have no idea point for that. But there

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Speaker 1: are folks that are having our time their built and

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Speaker 1: see that in the credit card industry, building up their

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Speaker 1: delinquencies and supporting.

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Speaker 3: Increase in filling out reserves. None of that is true

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Speaker 3: for us.

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Speaker 1: We posted another were flapped or any year and your

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Speaker 1: deliquencies here based hire, et cetera. Those are all measures

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Speaker 1: of our excellent credit mard a firm consumer. The ones

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Speaker 1: that we actually led to are doing find their page

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Speaker 1: of building amount of time without I might add eighty

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Speaker 1: termal late feaser gimmicks tricks. The industry is started to

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Speaker 1: show signs of tracking where folks are maybe able to overextended.

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Speaker 1: I think that's probably what's bringing mats its mind. That said,

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Speaker 1: the holiday season was quite strong for us. We saw

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Speaker 1: really great engagement from occasional buyers that when to our

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Speaker 1: online partners and bought their gets all the way to

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Speaker 1: our particolders that use the card for everything from days

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Speaker 1: bend to UH to get by.

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Speaker 3: So people are very good about our ability to help

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Speaker 3: folks back and borrow.

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Speaker 1: Most important thing that because we don't charge, we don't

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Speaker 1: propound the interest. Our incentives are profoundly aligned with those that.

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Speaker 3: My money to.

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Speaker 1: They can't pay us back on client on schedule, we

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Speaker 1: will need much of my Our growth is actually driven

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Speaker 1: not just by the fact that there's a lot of

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Speaker 1: demand for buying bring the demand for from specific product

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Speaker 1: and our bread.

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Speaker 2: So I understand that you and I have talked a

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Speaker 2: lot about buying now, pay later, but also the other

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Speaker 2: products that you offer. Right this week, I think what

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Speaker 2: Caroline and I heard from CEO's markets guests the consumers strong.

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Speaker 2: But as you've just pointed out, credit card is becoming

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Speaker 2: a notable data point to track. How does that impact

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Speaker 2: you in.

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Speaker 1: Obviously we watch all thedustry data like everybody else. Again,

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Speaker 1: our borrower has done very well for us with us

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Speaker 1: and when we lend money we take into consideration there

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Speaker 1: across other borrowing devices they have describe port et cetera.

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Speaker 1: So we know that from consumer is quite strong and

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Speaker 1: repeat and they're able to stands back and that's.

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Speaker 3: Shown in our numbers and the numbers that were employ you.

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Speaker 1: You can see them more frequently than our early numbers

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Speaker 1: in our abs reports, et cetera.

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Speaker 3: And so we do quite good about the segment eponomies

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Speaker 3: that we serve.

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Speaker 1: I think to our folks that are starting to need

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Speaker 1: to perhaps it's really the running out of the pandemic

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Speaker 1: stating that taking place elsewhere we are able to step

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Speaker 1: are successful.

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Speaker 4: Thanks love ch it's great to have some time with you.

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Speaker 4: Thank you very much for joining the show with firm

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Speaker 4: CEO