Upwork Reports Fourth Quarter and Full Year 2021 Financial Results

Rhea-AI Summary

Upwork Inc. (Nasdaq: UPWK) reported its fourth quarter and full year 2021 financial results, with gross services volume reaching over $3.3 billion. The company continues to be the world's largest work marketplace, connecting businesses with independent talent. A conference call is scheduled for today to discuss these results. Upwork aims to serve a diverse range of clients, from startups to Fortune 100 companies, emphasizing its strong platform and talent community.

Positive

• Gross services volume exceeded $3.3 billion in 2021.
• Continued recognition as the world's largest work marketplace.

Negative

• None.

SAN FRANCISCO, Feb. 10, 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 fourth quarter and full year of 2021. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork’s fourth quarter and full year 2021 Shareholder Letter.

Fourth Quarter and Full Year 2021 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 fourth quarter and full year 2021 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 work marketplace. 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 fourth quarter results for 2021?

Upwork reported strong financial results with gross services volume surpassing $3.3 billion in 2021.

What is the future outlook for Upwork?

While the PR does not specify guidance, Upwork is positioned as a leading work marketplace.

When is Upwork's financial results conference call?

The conference call is scheduled for today at 2 p.m. Pacific Time.

How did Upwork's talent community perform in 2021?

The talent community earned over $3.3 billion across more than 10,000 skills.