Upwork Q3 2021 revenue of $128.1M (+32% YoY), GSV $904M (+38%), beat guidance

UPWORK, INC

2021-Q3 EPS reported -$0.27 revenue$365,941,000

Revenue $128.1M (+32% YoY) above high end of guidance; GSV $904M (+38% YoY).
Active Clients grew 25% YoY; GSV per Active Client up 12% YoY.
Introduced Virtual Talent Bench to deepen client-talent relationships.
Management cites corporate talent war and Gen Z freelance trend as tailwinds.

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