The company reported earnings of 25 cents per share on $185.6 million in revenue for the quarter ending in September. While revenue fell from the $201.7 million recorded during the same period last year, gross services volume reached $914.1 million. Management responded to these results by tightening their 2026 revenue forecast to a range of $742 million to $750 million and raising adjusted earnings expectations to between $1.45 and $1.47 per share.
In section Market Quotes
Upwork Stock Climbs as Q3 Results Outpace Expectations
Investors pushed Upwork shares up 13% to $10.95 in after-hours trading, reacting to a strong third-quarter performance and a significant upward revision of the company’s future financial outlook. The marketplace operator signaled growth momentum despite a year-over-year revenue dip, bolstering market confidence in its long-term profitability strategy.
Looking toward the final quarter of the year, Upwork anticipates adjusted earnings between 30 cents and 32 cents per share on revenue totaling up to $177 million. Alongside these financial updates, the firm announced an internal leadership shift, appointing current Chief Business Officer Peter Sanborn to the role of chief financial officer.
Comments (0)
No comments yet. Be the first!