Upwork:Quarterly Results/2023 Q4: Difference between revisions

Upwork:Quarterly Results/2023 Q4 (view source)

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 == Summary of the results ==
+* Upwork’s Q4 revenue grew 14% y/y to $183.9 million, topping management's upper guidance of $180 million (+11.5%), adjusted EBITDA and Non-GAAP EPS of $30.5 million and $0.20 also execeeded upper management guidance of $28 million and $0.18, respectively.
+* Upwork’s active clients grew by 5% y/y 851,000 while GSV was up 4% y/y to 1.072 billion (analysts’ estimate: $1.04 billion).
+* Its take rate was up 150 bps y/y to 17.2% while its profit margin grew to 9% from -10% in the previous year.
+* Upwork is guiding Q1 2024 revenue of $183-$188 million (+15.3% at the midpoint) and Non-GAAP EPS of $0.17-$0.19, both coming above analysts’ estimates of $181.63 million and $0.14, respectively.
+See: [https://investors.upwork.com/static-files/3c3081d4-468b-40ac-8c48-2251fbc527bc Q4 2023 Earnings Presentation] | [https://forum.investmentwiki.org/t/q4-2023-upwork-earnings/298 Forum Discussions]
 == Management Guidance and Analysts Estimate ==