- Upwork press release ( NASDAQ: UPWK ): Q2 Non-GAAP EPS of -$0.04 beats by $0.04 .
- Revenue of $156.9M (+26.3% Y/Y) beats by $9.12M .
- Shares +10% .
- Q3 2022 Outlook: "We are guiding third-quarter 2022 revenue to be between $156 million and $158 million (vs. consensus of $150.84M), which is 23% year-over-year growth at the midpoint. These include lower client acquisition and retention rates, particularly in Europe and from small- and medium-sized businesses."
- Adjusted EBITDA to be a loss of between $(7) million and $(9) million
- Non-GAAP basic loss per share to be between $(0.06) and $(0.08) vs. consensus of -$0.19
- Full Year Guidance: "We are increasing our full-year 2022 revenue guidance to between $612 million and $617 million vs. consensus of $597.04M, which is 22% year-over-year growth at the midpoint."
- non-GAAP basic loss per share to be between $(0.15) and $(0.17) vs. consensus of -$0.77
For further details see:
Upwork Non-GAAP EPS of -$0.04 beats by $0.04, revenue of $156.9M beats by $9.12M