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Figma's upbeat outlook fails to stem margin worries as AI costs mount; shares slump
['Deborah Mary Sophia', 'Wed', 'August At Pm Gmt', 'Min Read']
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The company left its full-year operating income forecast unchanged and said second-quarter profit was hit by higher marketing spend tied to its annual user conference, Config.
On a sequential basis, Figma's adjusted operating margin slid to 10% from 16%.
Tools such as the Figma agent were driving new users to consume AI credits while prompting existing customers to deepen usage, the company said.
It saw growth in both paid customer seats and AI credit add-ons in the quarter.
Figma now expects full-year revenue between $1.463 billion and $1.467 billion, up from its prior forecast of $1.422 billion to $1.428 billion, and ahead of analysts' estimates of $1.44 billion.