Upwork Inc. (UPWK) Tops Q4 EPS by 11c; Raises Revenue Outlook

Upwork Inc. (NASDAQ: UPWK) reported Q4 EPS of $0.06, $0.11 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $106.2 million versus the consensus estimate of $97.34 million.

“2020 was a watershed year for Upwork. In the fourth quarter, we achieved our highest year-over-year growth since going public,” said Hayden Brown, President and Chief Executive Officer of Upwork. “Nearly a year into the pandemic, organizations are embracing remote work to unleash the potential of a global workforce of independent talent that gives them the agility, skills and efficiency they need. Our results demonstrate that we are optimally positioned to capture the exciting opportunity ahead by serving customers as the world’s work marketplace.”

GUIDANCE:

Upwork Inc. sees Q1 2021 revenue of $107-109 million, versus the consensus of $102 million.

Upwork Inc. sees FY2021 revenue of $460-470 million, versus the consensus of $436.7 million.

For earnings history and earnings-related data on Upwork Inc. (UPWK) click here.

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