Brief: Upwork Reports First Quarter 2022 Financial Results

Upwork

27/04/2022 21:57

April 27 (Reuters) - Upwork Inc  UPWK.O :
    * UPWORK REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS
    * QTRLY REVENUE GREW 24% YEAR-OVER-YEAR TO $141.3 MILLION
    * QTRLY LOSS PER SHARE $0.19
    * SEES SECOND-QUARTER 2022 REVENUE TO BE BETWEEN $147
MILLION AND
$151 MILLION
    * SEES FULL-YEAR 2022 REVENUE GUIDANCE OF BETWEEN $590
MILLION AND
$610 MILLION
    * ESTIMATE THAT THE REVENUE IMPACT IN THE FIRST QUARTER OF
2022
FROM THE WAR IN UKRAINE WAS ABOUT $1 MILLION
    * EXPECT TO SEE LARGER IMPACT TO REVENUE IN THE Q2 DUE TO
WINDING
DOWN OF ALL CONTRACTS WITH TALENT AND CLIENTS IN RUSSIA AND
BELARUS BY MAY 1
    * SEES SECOND-QUARTER 2022 NON-GAAP BASIC LOSS PER SHARE TO
BE
BETWEEN $0.06 AND $0.10
    * Q1 EARNINGS PER SHARE VIEW $-0.14, REVENUE VIEW $136.3
MILLION
-- REFINITIV IBES DATA
    * Q2 EARNINGS PER SHARE VIEW $-0.08, REVENUE VIEW $143.5
MILLION
-- REFINITIV IBES DATA
    * FY2022 REVENUE VIEW $599.5 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX9VJ0Hf 
Further company coverage:  UPWK.O 

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