Upwork Reports Strong Q3 2024 Financial Results, Exceeding Expectations

Upwork Inc. (NASDAQ: UPWK), the world's largest work marketplace, released its third-quarter 2024 financial results after market close on November 6, showcasing robust performance and surpassing analyst expectations.

Financial Highlights

The company reported revenue of $193.8 million, representing a 10% year-over-year increase and beating the analyst consensus estimate of $185.85 million[4]. This growth was driven by strong performance across various segments, including a 48% year-over-year increase in Freelancer Plus subscription revenue[1].

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