Figma sinks after earnings beat as company prioritizes long-term growth with AI changes
Image: CNBC
Figma shares tumbled 7% in extended trading after the company reported third-quarter results and guidance that surpassed Wall Street's predictions.
Here's how the company performed relative to LSEG consensus:
Figma's revenue grew about 43% year over year in the quarter, according to a statement. Net loss narrowed to $81.3 million, or 15 cents per share, compared with a loss of $1.10 billion, or $2.72 per share, a year earlier.
The company's 12% adjusted operating margin exceeded the 6.1% consensus among analysts polled by StreetAccount.
Executives lifted the full-year forecast. Figma now anticipates an 11% operating margin, up from 9% as of August, and $1.497 billion to $1.499 billion in revenue, compared with $1.463 billion to $1.467 billion before.
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