STOCK TITAN

Upwork Reports Third Quarter 2021 Financial Results

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

Upwork Inc. (Nasdaq: UPWK), the leading work marketplace, reported its third-quarter 2021 financial results. The company highlighted substantial engagement with independent talent, connecting businesses to over 10,000 skills. Notably, Upwork's talent community earned more than $2.3 billion in 2020, showcasing significant market penetration. A conference call discussing these results was scheduled for today at 2 p.m. PT. For detailed insights, the Shareholder Letter is available on their Investor Relations website.

Positive
  • Upwork's talent community earned over $2.3 billion in 2020.
  • The company connects businesses with independent talent across more than 10,000 skills.
Negative
  • None.

SAN FRANCISCO, Oct. 27, 2021 (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 third quarter of 2021. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork’s third quarter 2021 Shareholder Letter.

Third Quarter 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 third-quarter 2021 financial results. An audio webcast archive will be available following the live event for approximately one year at investors.upwork.com. The prepared remarks corresponding to the information reviewed on today’s conference call will also be available on our Investor Relations website once the call has concluded.

We use our Investor Relations website (investors.upwork.com), 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, as measured by GSV, that connects businesses with independent talent. We serve everyone from one-person startups to 30% of the Fortune 100 with a powerful, trust-driven platform that enables companies and freelancers to work together in new ways that unlock their potential. Our talent community earned over $2.3 billion on Upwork in 2020 across more than 10,000 skills, including website & app development, creative & design, customer support, finance & accounting, consulting, and operations. Learn more at www.upwork.com and join us on LinkedIn, Twitter, Facebook, and Instagram.

Contact:
Evan Barbosa
Investor Relations
Investor@Upwork.com


FAQ

What were Upwork's financial results for Q3 2021?

Upwork reported its Q3 2021 financial results, highlighting significant engagement with freelancers.

What is the scheduled time for Upwork's Q3 2021 financial results conference call?

Upwork's conference call is scheduled for today at 2 p.m. Pacific Time.

How much did Upwork's talent community earn in 2020?

Upwork's talent community earned over $2.3 billion in 2020.

Where can I find Upwork's Q3 2021 Shareholder Letter?

The Q3 2021 Shareholder Letter is available on Upwork's Investor Relations website.

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