Upwork Q4 net income $17.4M vs loss; guides FY24 revenue $760-780M

UPWORK, INC

2023-FY EPS reported $0.06 revenue$689,136,000

GAAP net income $17.4M ($0.13 diluted EPS) vs loss of $16.5M in Q4 2022.
Revenue $183.9M (+14% YoY); full-year revenue $689.1M (+11% YoY).
Adjusted EBITDA $30.5M (17% margin) vs $1.1M; FY23 Adj. EBITDA $73.1M.
Acquired AI startup Headroom; named Andrew Rabinovich as head of AI/ML.
Active clients 851k (+5% YoY record); Q1'24 rev guidance $183-188M, FY'24 $760-780M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UPWORK, INC reported the fourth quarter and full year of 2023 results: revenue $183.9 million, net income $17.4 million, EPS $0.13. Guidance initiated.

Period: the fourth quarter and full year of 2023
Revenue: $183.9 million
Net income: $17.4 million
EPS: $0.13
Guidance: initiated
Result: reported results

Exact text from the filing

continue to produce growing profit margins and free cash flow each year going forward.” Fourth Quarter & Full Year 2023 Financial Highlights • Revenue grew 14% year-over-year to $183.9 million in the fourth quarter • Revenue grew 11% year-over-year to $689.1 million for full year 2023 • Active clients grew 5% year-over-year to 851,000 at the end of 2023, an all-time

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UPWORK, INC reported full year 2023 results: revenue $689.1 million, net income $46.9 million, EPS $0.06.

Period: full year 2023
Revenue: $689.1 million
Net income: $46.9 million
EPS: $0.06
Result: reported results

Exact text from the filing

Revenue grew 11% year-over-year to $689.1 million for full year 2023

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

UPWORK, INC filing history →

Source: SEC EDGAR

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