Figma Reports $426.9M Earnings But Stock Falls 14% on AI Spending Concerns
Earnings·2 articles across 2 outlets
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Figma Inc reported a strong earnings beat with $426.9 million in operating income for the second quarter. However, shares of Figma are down more than 14% in premarket trading as investors express doubts about the company's heavy investments in AI.
The design software firm indicated that it is hiring less due to AI, but Wall Street does not seem impressed by this strategy. Investors are reacting negatively to the costs associated with Figma's AI initiatives, overshadowing the positive earnings report.
Figma
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Figma posted a strong earnings beat — but the stock sank on AI spending costs”
quartz — Figma posted a strong earnings beat — but the stock sank on AI spending costs“Shares of Figma Inc (NYSE: FIG) are down more than 14% in premarket trading on Thursday as investors appear to be having doubts about its heavy investments in AI.”
fast company — Figma says it’s hiring less because of AI. Wall Street doesn’t seem impressed