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Figma reports 41% jump in revenue in first earnings report since IPO

1. Figma shares surged 229% in its IPO, surpassing $20 billion valuation. 2. Revenue hit $249.6 million, slightly above expectations with 41% growth year-over-year. 3. Net income of $846,000 contrasts with a loss of nearly $828 million last year. 4. Figma forecasts Q3 revenue between $263 million and $265 million, indicating strong growth. 5. Lockup expiration for 25% of employee stocks on Sept. 4 may impact trading.

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FAQ

Why Bullish?

Positive revenue growth and IPO performance indicate strong market confidence. Historically, good earnings often correlate with rising stock prices post-IPO.

How important is it?

Figma's IPO success and early earnings reflect significant market traction, impacting investor interest.

Why Short Term?

Investors may react quickly to news, such as lockup expirations and earnings updates, impacting stock prices in the near term.

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