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Figma shares plunged 14% in extended trading on Wednesday after the design software company reported results for the first time since its initial public offering in July.
Here's how the company did in comparison with LSEG consensus:
Earnings per share: Breakeven
Revenue: $249.6 million vs. $248.8 million expected
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.
Net income totaled $846,000, compared with a loss of $827.9 million in the sec