Upwork Inc. (UPWK) Misses Q3 EPS by 1c, Revenues Beat; FY18 Revenue Outlook Above Consensus

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Upwork Reports Third Quarter 2018 Financial Results

November 7, 2018 4:02 PM EST

Gross services volume (GSV) increased by 27% year-over-year to $449.5 millionRevenue increased by 23% year-over-year to $64.1 millionCore clients grew 22% year-over-year to 101,000 Client spend retention increased to 108%, up from 95% a year ago

MOUNTAIN VIEW, Calif., Nov. 07, 2018 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the largest freelancing website, as measured by GSV, today announced its third quarter 2018 financial results.

We are pleased that in our first earnings report as a public company we recorded strength across the business, driven by both new clients and expanded relationships with... More