Figma's stock plunges after company's first earnings report since IPO

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Figma

shares plunged 13% in extended trading on Wednesday after the design software company reported results for the first time since its IPO in July.

Here’s how the company did in comparison with LSEG consensus:

Revenue increased 41% year over year in the second quarter from $177.2 million a year earlier, Figma said in a statement. The company provided a preliminary estimate of $247 million to $250 million in a July regulatory filing. CNBC isn’t including a profit estimate because it’s Figma’s first earnings report.