Affirm Holdings, Inc.

Good afternoon. Welcome to the Affirm Holdings third quarter 2023 earnings conference call. Following the speaker's remarks, we will open the lines for your 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 Zane Keller, Director of Investor Relations. Thank you. You may begin.

Thank you, operator. Before we begin, I'd 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 that we make today. These forward-looking statements speak only as of today, and the company does not assume any obligation or intent 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 our earnings supplement slide deck, which is available on our investor relations website. Hosting today's call with me are Max Levchin, the firm's founder and chief executive officer, and Michael Linford, the firm's chief financial officer. In line with our practice in prior quarters, we will begin with brief opening remarks from Max before proceeding immediately into questions and answers. On that note, I will turn the call over to Max to begin.

Thanks, everyone, for joining. And I hope you had a chance to read our quarterly letter as it packs lots of great information. But I will offer a very quick summary for you. We had an excellent quarter beat across all of the important metrics we track. while continuing to maintain excellent credit results. On the execution side of things, I'm really proud of how the team performed this quarter. We shipped well over 100 projects from pricing to new credit model to dozens of user interface improvements. In isolation, each of these wins is probably relatively small, but they compounded to huge gains. One major project this quarter was our continued effort in rolling out DebitPlus. We delivered DebitPlus into the main Affirm app And while it's still quite early, we continue seeing strong signals of consumer demand. DebitPlus user transaction frequency after 90 days from activation is about seven times that of a regular Affirm user. I'm truly excited about this product and what the team has planned for it. And we intend to give you a significantly more fulsome update on DebitPlus in the quarters to come. It seems that there's a once-in-a-century event that happens every week lately rattling capital markets, but we continue to deliver great returns for our capital market partners, and it was rewarded by an incremental addition to our funding capacity in the quarter as well as in April after we closed. So in short, we had a great quarter. We compounded many small wins into big gains. We're very excited about WPLUS and the overall outlook for our firm as a company. Back to you, Zane.