Upwork Reports Third Quarter 2019 Financial Results

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Go back to Upwork Reports Third Quarter 2019 Financial Results

Upwork Inc. (UPWK) Tops Q3 EPS by 6c, Revenues Beat; Offers Q4 &FY19 Revenue Guidance Below Consensus

November 6, 2019 4:04 PM EST

Upwork Inc. (NASDAQ: UPWK) reported Q3 EPS of $0.02, $0.06 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $78.8 million versus the consensus estimate of $77.76 million.

Revenue grew 23% year-over-year to $78.8 millionMarketplace revenue grew 25% year-over-year to $70.7 millionCore clients grew 19% year-over-year to approximately 120,500Client spend retention was 104%, with client spend retention from clients on the Upwork Business and Enterprise offerings... More