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If you look at the latest Cloud design software, knowing that they partnered with Figma, I think that was a mistake on Figma's part. Why would you want to deal with a company like Figma anymore?

We looked at Figma's profits and said, brother, those margins are shrinking. These people increased their revenue. Their revenues increased by 48%. Their total profit increased by 39%.

So there was a bit of shrinkage in the margins here. It's not that bad. Their overall profit margins are still at 83.7%, which is great.

Figma has reported three consecutive quarters of accelerated revenue growth. In the most recent, revenue accelerated 48% to 370 million compared to the same quarter last year. Figma attributes this to high adoption of the company's AI-enhanced credit consumption model.

Looking forward, the company raised its revenue outlook for the rest of the full year, forecasting revenue growth at 39% at the midpoint. Still, the management team did not raise its expectations for profitability, informing investors that despite the impact on profit margins, the company is happy with investing in the business to grow revenue, gain competitive advantages, even at the expense of margins.