Upwork Inc. (UPWK) Tops Q2 EPS by 12c; Guides Abovce

Upwork Inc. (NASDAQ: UPWK) reported Q2 EPS of $0.03, $0.12 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $124.2 million versus the consensus estimate of $120.24 million. GSV increased by 50% year-over-year to $875.8 million.

“The second quarter marks our fourth consecutive quarter of accelerating year-over-year growth in GSV and revenue,” said Hayden Brown, President and Chief Executive Officer of Upwork. “We continue to execute strongly against our plan and operate at record levels as businesses of every size across the globe continue to embrace freelancers. At the same time, we continue on our path of innovation this quarter with the launch of Talent Scout, which offers businesses hands-on recruiting assistance without the expensive price tag of a traditional staffing agency and follows the successful introduction of Project Catalog earlier this year. We will continue to innovate, scale, and increase awareness of our work marketplace as we transform from a single product company to a multi-product company to capture an even larger part of our $1.3 trillion market opportunity.”

GUIDANCE:

Upwork Inc. sees Q3 2021 EPS of $0.01-$0.03, versus the consensus of ($0.05). Upwork Inc. sees Q3 2021 revenue of $125-127 million, versus the consensus of $124.5 million.

Upwork Inc. sees FY2021 EPS of $0.05-$0.07, versus the consensus of ($0.24). Upwork Inc. sees FY2021 revenue of $490-494 million, versus the consensus of $487.17 million.

For earnings history and earnings-related data on Upwork Inc. (UPWK) click here.

You May Also Be Interested In

• Airbus revenue rises, delivers 142 commercial aircraft in Q1
• Deutsche Bank (DB) Tops Q1 EPS by 1c
• EMCOR Group (EME) Tops Q1 EPS by 133c, raises guidance