Upwork Reports First Quarter 2022 Financial Results

Rhea-AI Summary

Upwork Inc. (Nasdaq: UPWK) reported its financial results for Q1 2022, highlighting a strong performance in connecting businesses with independent talent. The company emphasized its leadership in the work marketplace, reflected by its gross services volume (GSV). In 2021, Upwork's talent community generated over $3.3 billion, supporting a diverse range of skills across various industries. A conference call to discuss the results is scheduled for April 27, 2022, at 2 PM PT. For detailed insights and future updates, visit Upwork's Investor Relations website.

Positive

• Strong leadership position as the world's largest work marketplace.
• Talent community earned over $3.3 billion in 2021.
• Diverse skill offerings across more than 10,000 categories.

Negative

• None.

SAN FRANCISCO, April 27, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced its financial results for the first quarter of 2022. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork’s first quarter 2022 Shareholder Letter.

First Quarter 2022 Financial Results Conference Call and Webcast

Upwork will host a conference call today at 2 p.m. Pacific Time/5 p.m. Eastern Time to discuss the company’s first quarter 2022 financial results. An audio webcast archive will be available following the live event for approximately one year at investors.upwork.com.

We use our Investor Relations website (investors.upwork.com), our Blog (upwork.com/blog), our Twitter handle (twitter.com/Upwork), and Hayden Brown’s Twitter handle (twitter.com/hydnbrwn) and LinkedIn profile (linkedin.com/in/haydenlbrown) as a means of disseminating or providing notification of, among other things, news or announcements regarding our business or financial performance, investor events, press releases, and earnings releases and as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD. The content of our websites and information that we may post on or provide to online and social media channels, including those mentioned above, and information that can be accessed through our websites or these online and social media channels are not incorporated by reference into this press release or in any report or document we file with the Securities and Exchange Commission, and any references to our websites or these online and social media channels are intended to be inactive textual references only.

About Upwork
Upwork is the world’s largest work marketplace that connects businesses with independent talent, as measured by GSV. We serve everyone from one-person startups to over 30% of the Fortune 100 with a powerful, trust-driven platform that enables companies and talent to work together in new ways that unlock their potential. Our talent community earned over $3.3 billion on Upwork in 2021 across more than 10,000 skills in categories including website & app development, creative & design, customer support, finance & accounting, consulting, and operations. Learn more at upwork.com and join us on LinkedIn, Twitter, Facebook, Instagram, and TikTok.

Contact:
Evan Barbosa
Investor Relations
investor@Upwork.com

FAQ

What were Upwork's Q1 2022 financial results?

Upwork reported strong financial results, reinforcing its position in the work marketplace.

When is the Upwork Q1 2022 financial results conference call?

The conference call is scheduled for April 27, 2022, at 2 PM PT.

How much revenue did Upwork's talent community generate in 2021?

Upwork's talent community generated over $3.3 billion in revenue in 2021.

What is the significance of Upwork's gross services volume?

Gross services volume (GSV) is a key metric indicating Upwork's market leadership and financial performance.