earnings
confidence high
sentiment positive
materiality 0.85
Upwork Q3 revenue $193.8M (+10% YoY), record net income $27.8M, raises FY guidance, $100M buyback
UPWORK, INC
2024-Q3 EPS reported
$0.50
revenue$577,842,000
- GAAP diluted EPS $0.20, up 67% YoY; adjusted EBITDA $43.2M (+38% YoY); free cash flow $98.0M.
- Active clients 855k (+2% YoY); AI-related GSV grew 36% YoY and AI clients up 30%.
- Raises FY 2024 guidance: revenue $756M-$761M; adjusted EBITDA $155M-$159M.
- New $100M share repurchase authorization; also announced acquisition of Objective AI, Inc.