Brief: Upwork Reports Third Quarter 2022 Financial Results

Upwork

26/10/2022 21:48

Oct 26 (Reuters) - Upwork Inc  UPWK.O :
    * UPWORK REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS
    * TOTAL REVENUE GREW 24% YEAR-OVER-YEAR TO $158.6 MILLION IN
THE
THIRD QUARTER OF 2022
    * GAAP NET LOSS PER BASIC SHARE WAS $0.19 IN THE THIRD
QUARTER OF
2022
    * NON-GAAP NET LOSS PER BASIC AND DILUTED SHARE WAS $0.03 IN
THE
THIRD QUARTER OF 2022
    * GUIDING FOURTH-QUARTER 2022 REVENUE TO BE BETWEEN $158
MILLION
AND $160 MILLION
    * NARROWING OUR FULL-YEAR 2022 REVENUE GUIDANCE TO BETWEEN
$615
MILLION AND $617 MILLION
    * RAISING OUR ESTIMATE FOR FOURTH-QUARTER 2022 NON-GAAP
BASIC LOSS
PER SHARE TO BE BETWEEN $0.01 AND $0.03
    * Q3 EARNINGS PER SHARE VIEW $-0.08, REVENUE VIEW $157.3
MILLION
-- REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE VIEW $-0.04, REVENUE VIEW $159.6
MILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX7bdxHN 
Further company coverage:  UPWK.O 
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