Upwork Reports Second Quarter 2020 Financial Results

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Go back to Upwork Reports Second Quarter 2020 Financial Results

Upwork Inc. (UPWK) Tops Q2 EPS by 6c, Revenues Beat; Offers 3Q Revenue Guidance Above Consensus

August 4, 2020 4:45 PM EDT

Upwork Inc. (NASDAQ: UPWK) reported Q2 EPS of ($0.03), $0.06 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $87.5 million versus the consensus estimate of $80.31 million.

Second Quarter 2020 Financial Results

Gross services volume (GSV) increased by 12% year-over-year to $582.0 million;Revenue grew 19% year-over-year to $87.5 million;Marketplace revenue grew 19% year-over-year to $78.5 million;Marketplace take rate was 13.7%, up from... More