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Upwork: Summary of SEC Fillings: Difference between revisions
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== 2023 Q1 SEC Filling == | |||
=== GSV, revenue, Clients and Freelancers === | |||
* '''In Q1 2023 and 2022, "no single country included in the Rest of world category had revenue that exceeded 10% of Total talent revenue, Total clients revenue, or Total revenue."'''<ref>https://investors.upwork.com/static-files/6d80ce2c-8600-413f-a9e8-09a37e574f4c</ref> | |||
* Client Marketplace Offering, which came into effect in April 2022 reseulted in an 80% year over year increase in marketplace fee. | |||
== 2022 SEC Filling == | == 2022 SEC Filling == | ||
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* In 2022, approximately 68% of its GSV came from U.S clients versus approximately 67% in 2021 and 66% in 2020. | * In 2022, approximately 68% of its GSV came from U.S clients versus approximately 67% in 2021 and 66% in 2020. | ||
* In 2022, clients in any other country did not account for more than 10% of its GSV. | * '''In 2022, clients in any other country did not account for more than 10% of its GSV.''' | ||
* '''Due to U.S GAAP, Upwork recognizes the entire GSV of managed services projects as managed services revenue as oppossed to recognizing only a certain percentage of the client spend that they receive, like in marketplace projects.''' | * '''Due to U.S GAAP, Upwork recognizes the entire GSV of managed services projects as managed services revenue as oppossed to recognizing only a certain percentage of the client spend that they receive, like in marketplace projects.''' | ||
* In 2022, marketplace revenue was 92% of total revenue while managed service revenue was 8% of total revenue. | * In 2022, marketplace revenue was 92% of total revenue while managed service revenue was 8% of total revenue. | ||