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Affirm shares surged 10% after reporting record quarterly profits, while Klarna shares rose 6% and Sezzle shares gained 2% amid collapsed acquisition talks with PayPal.
Affirm Holdings' stock surged to $85.01 after reporting its fiscal fourth-quarter earnings, which CEO Max Levchin described as the company's "most profitable quarter ever." Meanwhile, Klarna Group plc shares rose to $14.86, and Sezzle's stock climbed to $128.46. These gains followed a Bloomberg report that Stripe and Advent International abandoned their bid to acquire PayPal Holdings for over $50 billion, a development that sent PayPal's shares down 11% to $54.40 as the acquisition premium faded.
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