STOCK TITAN

Upwork Reports Fourth Quarter and Full Year 2022 Financial Results

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Upwork Inc. (Nasdaq: UPWK), the leading work marketplace, reported its financial results for Q4 and full year 2022 on February 15, 2023. The company achieved a gross services volume (GSV) surpassing $3.8 billion, reflecting robust engagement across various skills, including app development and customer support. The detailed financial performance, including revenue growth and earnings per share (EPS), will be discussed in a conference call today. Investors can access further information on their investor relations site. Upwork continues to connect businesses with freelancers, driving significant earnings through its platform.

Positive
  • Gross services volume (GSV) exceeded $3.8 billion in 2022.
  • Diverse talent community offered over 10,000 skills, indicating market strength.
Negative
  • None.

SAN FRANCISCO, Feb. 15, 2023 (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 2022. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork’s fourth quarter and full year 2022 Shareholder Letter.

Fourth Quarter and Full Year 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 fourth quarter and full year 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 from across the globe, as measured by GSV. We serve everyone from one-person startups to large, Fortune 100 enterprises 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 $3.8 billion on Upwork in 2022 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 financial results for Q4 2022?

Upwork reported strong financial results for Q4 2022, highlighting an increase in gross services volume.

What does Upwork's gross services volume indicate?

Upwork's gross services volume indicates robust marketplace performance, exceeding $3.8 billion in 2022.

How can I access Upwork's earnings report?

Upwork's earnings report can be accessed on their investor relations website.

When was Upwork's Q4 2022 results conference call held?

Upwork held its Q4 2022 results conference call on February 15, 2023.

What sectors did Upwork cover in 2022?

Upwork covered various sectors including app development, creative design, and customer support in 2022.

Upwork Inc.

NASDAQ:UPWK

UPWK Rankings

UPWK Latest News

UPWK Stock Data

2.17B
123.51M
7.54%
79.15%
8.1%
Internet Content & Information
Services-computer Processing & Data Preparation
Link
United States of America
PALO ALTO