Figma Tops Q2, Raises Outlook, But Shares Slide After Hours
TL;DR Summary
Figma reported Q2 revenue of $370.08 million and adjusted earnings of $0.08 per share, beating estimates, with revenue up 48% year over year and strong cash flow. The company lifted its full-year revenue outlook to $1.463-$1.467 billion and projected Q3 revenue of $373-$375 million, while net dollar retention remained robust at 136%. Despite the beat and higher guidance, FIG shares declined roughly 16% in after-hours trading.
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