Figma crossed $1 billion in annual revenue run rate in the third quarter as the design platform saw increased adoption.

Figma raised its annual revenue forecast on Wednesday, banking on the collaborative design software provider's efforts to expand its product line-up and grow its user base.

CFO Praveer Melwani stated: "We ended Q3 with $274 million in revenue, representing 38% year-over-year growth. Our annualized revenue run rate is now over $1 billion. And on a quarterly basis, this ...

Figma (FIG) shares increased 6% during early post-market trading on Wednesday as the company reported a 38% year-over-year ...

The Details: Figma reported quarterly earnings of ten cents per share, which beat the consensus estimate of five cents.