Figma shares fell 14% in after-hours trading on Wednesday after the design software company reported its first earnings since its July IPO, according to CNBC. Revenue rose 41% year over year to $249.6 million, narrowly topping consensus estimates of $248.8 million, while earnings per share broke even. Net income was $846,000 compared with a loss of $827.9 million a year earlier. Adjusted operating income reached $11.5 million, in line with prior guidance. For the third quarter, Figma forecast revenue of $263 million to $265 million, above the $256.8 million consensus. The company also reaffirmed full-year guidance, projecting over $1.02 billion in revenue and $88 million to $98 million in adjusted operating income. Shares closed at $68.13 on Wednesday, well above the $33 IPO price but far below the $115.50 debut.
