earnings
confidence high
sentiment positive
materiality 0.80
Upwork Q3 revenue hits record $201.7M; raises FY2025 guidance
UPWORK, INC
2025-Q3 EPS reported
$0.72
revenue$589,375,000
- Record Q3 revenue of $201.7M (+4% YoY); GAAP net income $29.3M ($0.21 diluted EPS).
- Adjusted EBITDA all-time high of $59.6M (30% margin), up 38% YoY.
- Raised FY2025 revenue guidance to $782-787M and adjusted EBITDA to $222-225M.
- AI-related GSV accelerated to 53% YoY growth; clients engaging in AI projects up 45% YoY.
- Active clients 794k (-7% YoY); GSV per client up 5% to $5,036.