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Figma beat forecasts, but AI costs sent the stock down 16%
Figma grew revenue 48% and raised its outlook, but the stock fell about 16% as doubled AI and R&D spending swung it to an operating loss.
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channelnewsasia.com
Figma's upbeat outlook fails to stem margin worries as AI costs mount; shares slump
Aug 5 : Figma on Wednesday reported a sharp rise in costs and a decline in profit margins as the design software company ramps up AI investments, triggering a 16 per cent slump in…
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Figma lifts annual revenue forecast as AI efforts drive solid demand
Aug 5 : Figma lifted its annual revenue forecast on Wednesday, encouraged by strong demand for its design software products, as the company's efforts to integrate AI in its tools…
