Figma ne apne Q3 results mein **43%** ka tagda revenue jump dikhaya hai jo ki **$391.4 Million** raha, lekin profit margins ummeed se kam rehne ki wajah se stock **8%** gir gaya hai.
Results mein kya gadbad hui?
Figma ke Q3 numbers aaye hain aur kahani thodi mixed hai. Company ka revenue 43% badh kar $391.4 Million pahunch gaya hai, jo ki kaafi strong hai. Lekin investors khush nahi hain kyunki company ke profit margins market ke expectations se thode kam rahe. Aaj kal market sirf growth nahi, balki growth ke liye kitna paisa phoonka ja raha hai, us par bhi nazar rakhta hai.
AI par heavy kharcha
Figma ab third-party models chhod kar apne khud ke proprietary AI design models bana raha hai. Management ka kehna hai ki isse long-term mein service quality badhegi, par abhi iske liye infrastructure aur computing power par bhari investment ho raha hai. Iska asar unke 80% ke GAAP gross margin par dikha hai, jo analysts ki umeed se thoda peeche reh gaya.
Monetization ka plan
Acchi baat ye hai ki company ka 'credit-based pricing model' hit ho gaya hai. Enterprise clients AI credits khareed kar platform use kar rahe hain aur 80% se zyada bade clients weekly in credits ka istemal kar rahe hain. Engagement kaafi solid hai.
Outlook aur Agla Target
Company ne apne FY26 ke revenue guidance ko badha kar $1.497 Billion se $1.499 Billion kar diya hai. Adjusted operating income ka target bhi $163 Million set kiya gaya hai. Agle 18 mahino mein AI investment se profitability badhne ki umeed hai, par investors ab margins aur competition par nazar rakhenge ki kahin heavy spending competitive edge na cheen le.