Upwork(UPWK) - 2025 Q1 - Quarterly Results

Exhibit 99.1 Upwork Reports First Quarter 2025 Financial Results Achieves record first quarter with revenue of $192.7 million, GAAP net income of$37.7 million and adjusted EBITDA of $56.0 million, resulting in 20% profit margin and 29% adjusted EBITDA margin Reiterates FY2025 revenue guidance and raises full-year adjusted EBITDA guidance PALO ALTO, Calif. – May 5, 2025 – Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, ...