Canva Slashes Revenue Growth Outlook to 20% as AI Costs Surge
Summary
Canva cut its annual revenue growth forecast by one-third to 20%, citing AI delivery costs far above expectations. CEO Melanie Perkins said demand for AI tools is strong, but the company will delay a broad rollout until it improves architecture, lowers unit costs, and refines its business model. Since the April launch of Canva AI 2.0, cost per task has fallen nearly 90%, yet AI-generated design volume is three times higher, keeping pressure on economics. The news also highlights Figma's free cash flow margin dropping to 14% from 27% quarter-over-quarter, with revenue growth expected to slow to 36% from 48%. Analysts now believe Canva's 2026 IPO may be delayed until next year.
This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Binance News.