Upwork: Q3 Earnings Insights

Upwork UPWK reported its Q3 earnings results on Wednesday, October 26, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Upwork beat estimated earnings by 62.5%, reporting an EPS of $-0.03 versus an estimate of $-0.08.

Revenue was up $30.50 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 18.02% drop in the share price the next day.

Here's a look at Upwork's past performance:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate -0.08 -0.13 -0.05 0.01
EPS Actual -0.04 -0.03 -0.05 0.04
Revenue Estimate 147.80M 136.47M 131.77M 126.60M
Revenue Actual 156.90M 141.34M 136.86M 128.14M

To track all earnings releases for Upwork visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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UPWKUpwork Inc
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