Figma sinks after earnings beat as company prioritizes long-term growth with AI changes

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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.