Upwork: Q4 Earnings Snapshot
By AP News
Published - Feb 15, 2023, 04:41 PM ET
Last Updated - Jun 22, 2023, 09:28 PM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Upwork Inc. (UPWK) on Wednesday reported a loss of $16.5 million in its fourth quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 13 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 4 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The online freelance marketplace operator posted revenue of $161.4 million in the period.
