Affirm Holdings, Inc.

Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to Affirm Holdings Financial Year 2024 First Quarter Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. 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 Affirm's investor relations website for a reasonable period of time after the call. I would now like to turn the call over to Zane Kelly, Director of Investor Relations. Thank you, and you may begin.

Thank you, Operator. Before we begin, I would 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 gap 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, a firm's founder and chief executive officer, and Michael Linford, a firm's chief financial officer. Before we begin today's call, we would like to remind investors that we will be holding an investor forum next Tuesday, November 14th, from 2 to 5 p.m. Eastern Time. Both the livecast of the forum, as well as a replay, are open to the public. Additional details about the forum, including registration information, are available on our investor relations website. 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.

Thank you, Dan. Thanks, everybody, for joining us today. Keep it very brief. Had a very strong fiscal P1. Beat our outlook across all metrics. GMV growth accelerated sequentially. We significantly exceeded our own outlook for revenue-less transaction costs. We continued to gain market share. Kept our already strong economics quite good. Drove positive credit outcomes, which matters to us the most, and added some funding capacity. Our plans now include continuing to invest in risk management, technology and product development, and to turn our attention to growing the firm faster. Back to you, Zane.