Figma: Good Update, But Valuation Too Excessive

Core Insights - Figma reported a better than expected Q3 performance, with revenue exceeding consensus expectations and Q4 guidance also above projections [1] Financial Performance - The company demonstrated strong operational innovation and continues to bring new ideas to market [1] - Revenue for Q3 surpassed market expectations, indicating robust financial health [1] - Guidance for Q4 is optimistic, suggesting continued growth and positive momentum [1]