Upwork Reports Fourth Quarter and Full Year 2019 Financial Results
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Upwork Inc. (UPWK) Tops Q4 EPS by 9c, Revenues Beat; Offers Q1 & FY20 Revenue Guidance Below Consensus
February 26, 2020 4:12 PM ESTUpwork Inc. (NASDAQ: UPWK) reported Q4 EPS of $0.03, $0.09 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $80.3 million versus the consensus estimate of $79.42 million.
Fourth Quarter 2019 Financial Results
Gross services volume (GSV) increased by 16% year-over-year to $549 millionRevenue (under ASC 606) grew 19% year-over-year to $80.3 million; Revenue (under ASC 605) grew 20% year-over-year to $80.7 millionMarketplace revenue (under ASC 606) grew 21% year-over-year to $72.2 million; Marketplace revenue (under ASC 605) grew 22% year-over-year to $72.6 millionTake rate (under ASC 606) was 14.6%, up from 14.3% a year ago; Take rate (under ASC 605) was 14.7%, up from 14.3% a year agoGross margin (under... More