Figma expanded access to its artificial intelligence tools without raising customer prices, seeking broader use of its products as shares fell 7% in extended trading after results beat analyst estimates, CNBC reported.
Figma's third-quarter report beat LSEG analysts' estimates for revenue and adjusted earnings, CNBC reported. The company also posted a 12% adjusted operating margin, above the 6.1% consensus among analysts polled by StreetAccount. The margin result contrasts with the after-hours share decline.
Shares had fallen about 41% during 2026 through Wednesday, CNBC reported, while the S&P 500 had gained 12%. The outlet said investors earlier this year worried that AI models could threaten Figma's business. CNBC also reported that Figma aims to benefit from growing use of AI to create websites and apps.
The pricing decision gives Figma customers more credits without increasing what they pay. Chief Financial Officer Praveer Melwani told CNBC that wider access may reduce near-term revenue as Figma invests in customer adoption.
At organizations spending more than $10,000 on Figma, the number of weekly users drawing on AI credits grew almost 50% over the quarter, the company said. Figma said its in-house model took on twice its earlier proportion of work. It also reported a lower rate of users reversing AI-generated output. Melwani said the company is open to using its own model when it can produce comparable results faster or at lower cost.
Figma had already raised its 2026 revenue outlook after quarterly sales exceeded its earlier target; see our earlier coverage of the outlook revision.
For the fourth quarter, Figma expects revenue growth of about 33%, compared with a 28% estimate from LSEG analysts, CNBC reported. That would be slower than the third quarter's 43% year-over-year growth, but above the analyst estimate.
