Upgrade to SI Premium - Free Trial

Upwork Inc. (UPWK) Tops Q3 EPS by 4c

November 4, 2020 4:07 PM

Upwork Inc. (NASDAQ: UPWK) reported Q3 EPS of ($0.04), $0.04 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $96.7 million versus the consensus estimate of $90.44 million.

“Our third quarter performance was fueled by strength from both existing and new clients, who adopted Upwork in record numbers. As the world’s largest work marketplace that connects businesses with independent talent, as measured by gross services volume, we have been building capabilities and tools for a world now increasingly ready to use them,” said Hayden Brown, President and CEO of Upwork. “Our vision is to place independent talent at the heart of every business; everything we do is, and will continue to be, focused on powering our customers’ progress. This quarter we continued to expand our platform to serve our customers with Project Catalog, a curated collection of pre-scoped projects that provides a new click-and-buy way for clients and freelancers to instantly begin working together on the Upwork marketplace.”

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

Categories

Earnings

Next Articles