Upwork Q1 2022: GSV surpasses $1B, revenue $141.3M (+24% YoY); suspends Russia/Belarus operations

UPWORK, INC

2022-Q1 EPS reported -$0.19 revenue$141,337,000

GSV topped $1.0B (+27% YoY); revenue $141.3M (+24% YoY).
Enterprise revenue up 57% YoY; new Enterprise client deals up 33% YoY.
Suspended new business in Russia/Belarus from Mar 7; ended active contracts May 1. ~10% of 2021 revenue from region.
Brand marketing drove 20% more website traffic and 24% more client registrations vs Q3 2021 baseline.
TIME100 Most Influential Companies recognition; launched Project Catalog Consultations and pricing simplification.

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