Upwork Reports Third Quarter 2022 Financial Results

Rhea-AI Summary

Upwork Inc. (Nasdaq: UPWK) reported its third-quarter financial results for 2022, showcasing its position as a leading work marketplace. The company, which connects businesses with independent talent, highlighted significant engagement with over 30% of the Fortune 100. In 2021, its talent community earned over $3.3 billion across 10,000 skills. Upwork will discuss these results in a conference call today at 2 p.m. Pacific Time. For detailed financial insights, investors can refer to the Upwork Investor Relations website.

Positive

• Engaged over 30% of Fortune 100 companies.
• Talent community earned over $3.3 billion in 2021.

Negative

• None.

SAN FRANCISCO, Oct. 26, 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 third quarter of 2022. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork’s third quarter 2022 Shareholder Letter.

Third 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 third 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 earnings for the third quarter of 2022?

Upwork announced its third-quarter 2022 financial results during a conference call on October 26, 2022.

Who will discuss Upwork's financial results?

Upwork's financial results will be discussed by the company during a conference call today at 2 p.m. Pacific Time.

Where can I find Upwork's financial results?

You can view Upwork's third-quarter 2022 financial results on their Investor Relations website.

What is Upwork's business model?

Upwork connects businesses with independent talent, allowing companies to hire freelancers across various skills.