Upwork (UPWK) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Upwork reported revenue of $191.48 million for the quarter ended December 2024, reflecting a 4.1% increase year-over-year and a surprise of +6.24% over the Zacks Consensus Estimate of $180.24 million [1] - The company's EPS for the quarter was $0.30, up from $0.20 in the same quarter last year, resulting in a surprise of +20.00% compared to the consensus estimate of $0.25 [1] Financial Performance Metrics - Gross services volume reached $992.77 million, exceeding the average estimate of $916.52 million from two analysts [4] - Marketplace revenues were reported at $163.66 million, surpassing the average estimate of $153.72 million from three analysts [4] - Enterprise revenues amounted to $27.83 million, also exceeding the three-analyst average estimate of $26.53 million [4] Stock Performance - Over the past month, Upwork's shares have returned -4.6%, contrasting with the Zacks S&P 500 composite's +4.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]