Upwork(UPWK) - 2024 Q4 - Annual Results

Exhibit 99.1 Upwork Reports Fourth Quarter and Full Year 2024 Financial Results Achieves record revenue, GAAP net income and adjusted EBITDA for the fourth quarter and full year 2024 Fourth-quarter revenue of $191.5 million and GAAP net income of $147.2 million Fourth-quarter adjusted EBITDA of $50.2 million or 26% adjusted EBITDA margin, Upwork's highest ever Full-year revenue of $769.3 million, GAAP net income of $215.6 million, and adjusted EBITDA of $167.6 million 1 2,3 1 2,3 1 2,3 PALO ALTO, Calif. – F ...