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Figma beats third-quarter estimates, but shares fall 7%

TechnologyInternationalCNBCAI summary
Image: CNBC

Figma reported third-quarter revenue of $391.4 million, above the $375.8 million expected, with growth of about 43% year over year. The company posted adjusted earnings per share of 10 cents versus the 5 cents expected and raised its full-year forecast. Despite that, its shares fell 7% in extended trading. Figma also began giving clients more artificial intelligence credits without raising prices.

In 35 seconds

  • Revenue of $391.4 million versus $375.8 million expected, up about 43% year over year.
  • Adjusted earnings per share of 10 cents, above the 5-cent consensus, and a 12% adjusted operating margin.
  • The company raised its full-year forecast to $1.497 billion to $1.499 billion in revenue and an 11% operating margin.
Read the full story at CNBC

IASummary generated by artificial intelligence from a story by CNBC. It may contain errors: the original source prevails.

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