Figma Q3 revenue up about 43%, yet after-hours stock falls 7%

Figma ($FIG) reported third-quarter revenue of $391.4 million, up about 43% year over year and above the $375.8 million LSEG consensus, with adjusted earnings per share of 10 cents versus the 5 cents expected, yet shares fell 7% in after-hours trading following the release. The net loss narrowed to $81.3 million, or 15 cents per share, from $1.1 billion, or $2.72 per share, a year earlier, while the adjusted operating margin came in at 12%. The beat on revenue and adjusted profit failed to lift the stock, underscoring how much growth and profitability investors already expect from the design-software maker. What to watch next is whether management's guidance and commentary on enterprise demand and AI-related spending can explain the after-hours slide and reset expectations.