secwatch.observer — SEC 8-K summary
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Issuer:     UPWORK, INC (UPWK)
CIK:        0001627475
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001627475-24-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upwork Q3 revenue $193.8M (+10% YoY), record net income $27.8M, raises FY guidance, $100M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627475/000162747524000041/0001627475-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627475/000162747524000041/upwork-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001627475-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer