- Upwork is a No. 1 online freelance platform that connects freelancers with its clients ranging from small businesses to Fortune 100 firms and commands a 9% market share.
- Its leading platform is a popular site and stands to benefit its client growth of 20,000 per year from the rise of the gig economy as more people take up.
- We expect the client growth to spur its GSV growth as it offers a broad range of freelance work types and conducts stringent vetting of its freelancers to ensure quality.
- While its stable take rate bodes well for its revenue growth outlook, it is met with heavy competition from the rapidly growing Fiverr and Freelancer capitalizing on smaller gigs.
For further details see:
Upwork: Perfectly Priced Reflecting Slowing Revenue Growth