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=== Upwork Client Cohort === | === Upwork Client Cohort === | ||
The 2020 cohort saw acceleration in spend, probably due to the Covid pandemic which resulted in an increase demand for Upwork talent<ref>https://www.investmentwiki.org/wiki/Upwork:_Summary_of_Old_Reports/_Conference_Calls#Earnings_Call_Q4_2021</ref>. | |||
* Since 2016, Upwork has seen growth in spend from new client cohort. | |||
* The 2020 cohort saw rapid acceleration in spend, probably due to the Covid pandemic which resulted in an increase demand for Upwork talent<ref>https://www.investmentwiki.org/wiki/Upwork:_Summary_of_Old_Reports/_Conference_Calls#Earnings_Call_Q4_2021</ref>. | |||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+ | ||
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|2022 | |2022 | ||
|507.6<ref name=":5">https://investors.upwork.com/static-files/a3048866-0496-4d47-9bcf-29ed94f4564c<nowiki/>(page 55)</ref> | |507.6<ref name=":5">https://investors.upwork.com/static-files/a3048866-0496-4d47-9bcf-29ed94f4564c<nowiki/>(page 55)</ref> | ||
| -6% | | -6% | ||
|- | |- | ||
|2021 | |2021 |