🔴 Figma is trading 8% down in after-hours trading as Q4 guidance signals slower growth

Figma is trading 7.70% down at $20.50 as investors may weigh fourth-quarter guidance implying slower growth and lower gross margins.

• Third-quarter revenue was $391.4 million, up 43% year over year and above estimates; Figma raised its full-year outlook.
• Fourth-quarter revenue guidance is $402 million–$404 million, while AI infrastructure costs rose and gross margins fell.
• Shares closed regular trading at $22.21 before the after-hours decline; the earnings release is the clearest company-specific catalyst.