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Upwork:Quarterly Results/2022 Q4: Difference between revisions
Upwork:Quarterly Results/2022 Q4 (view source)
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* The need for intermediate-skilled talent is growing rapidly. Number of intermediate jobs grew from 87,464 at the beginning of Q4 2022 to 109,069(+25%) as at February 11, 2023. This is followed by expert jobs, which grew from 54,895 at the beginning of Q4 to 65,716(+20%) as at February 11, 2023. This may imply that high value clients are increasingly using the site. | * The need for intermediate-skilled talent is growing rapidly. Number of intermediate jobs grew from 87,464 at the beginning of Q4 2022 to 109,069(+25%) as at February 11, 2023. This is followed by expert jobs, which grew from 54,895 at the beginning of Q4 to 65,716(+20%) as at February 11, 2023. This may imply that high value clients are increasingly using the site. | ||
*As usual, majority of Open Jobs are temporary jobs(those with project length of less than one month), accounting for around 40%. | *As usual, majority of Open Jobs are temporary jobs(those with project length of less than one month), accounting for around 40%. | ||
== Analyst Opinions == | |||
* Piper Sandler analyst Matt Farrell kept an Overweight rating on Upwork after the company announced it was venturing into full-time rating. The analyst said, "The product further solidifies the company's position as one of the leaders in the world's work marketplace, with no other major player in the space offering the end-to-end capabilities across the work gamut." He added that the new product unlocks a new total addressable market for the company<ref>https://thefly.com/landingPageNews.php?id=3661865&headline=UPWK-Upwork-expansion-opens-new-addressable-market-says-Piper-Sandler&utm_source=https://thefly.com/news.php%3fsymbol=UPWK&utm_medium=referral&utm_campaign=referral_traffic</ref>. | |||
== Steps checked == | == Steps checked == | ||