Upwork Q2 2023 Earnings Report

Upwork EPS Results

• Actual EPS: -$0.03
• Consensus EPS: -$0.10
• Beat/Miss: Beat by +$0.07
• One Year Ago EPS: N/A

Upwork Revenue Results

• Actual Revenue: $168.61 million
• Expected Revenue: $162.71 million
• Beat/Miss: Beat by +$5.90 million
• YoY Revenue Growth: N/A

Upwork Announcement Details

• Quarter: Q2 2023
• Date: 8/2/2023
• Time: N/A

Upwork (NASDAQ:UPWK), together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Payroll and Upwork Enterprise, as well as managed and escrow services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.