earnings
confidence high
sentiment positive
materiality 0.75
Upwork Q2 2021: Revenue $124.2M (+42% YoY), GSV $875.8M (+50%), positive adjusted EBITDA $7.3M
UPWORK, INC
2021-Q2 EPS reported
-$0.19
revenue$237,800,000
- Revenue grew 42% YoY to $124.2M; Marketplace revenue up 46% to $114.5M.
- GSV increased 50% YoY to $875.8M; Active Clients up 27% YoY.
- Net loss of $16.5M ($0.13/share) vs $11.0M loss a year ago; non-GAAP net income of $4.6M ($0.03/diluted share).
- Adjusted EBITDA positive at $7.3M vs loss of $1.2M in Q2 2020.
- Gross margin improved two points to 73%; marketplace take rate 13.2% vs 13.7% prior year.