Upwork Sees Q1 Adj. EPS $0.17-$0.19 vs $0.14 Est., Revenue $183M-$188M vs $181.63M Est.; Sees FY24 Adj. EPS $0.77-$0.81 vs $0.71 Est., Revenue $760M-$780M vs $778.03M Est.

Author: Benzinga Newsdesk | February 14, 2024 05:09pm

Upwork's guidance for revenue, adjusted EBITDA, diluted weighted-average shares outstanding, and non-GAAP diluted EPS for the first quarter of 2024 is:

• Revenue: $183 million to $188 million, representing year-over-year growth of 15.3% at the midpoint
• Adjusted EBITDA: $28 million to $32 million
• Diluted weighted-average shares outstanding: 144 million to 146 million
• Non-GAAP diluted EPS: $0.17 to $0.19

Upwork's guidance for revenue, adjusted EBITDA, diluted weighted-average shares outstanding, and non-GAAP diluted EPS for full year 2024 is:

• Revenue: $760 million to $780 million, representing year-over-year growth of 11.7% at the midpoint
• Adjusted EBITDA: $125 million to $135 million
• Diluted weighted-average shares outstanding: 148 million to 152 million
• Non-GAAP diluted EPS: $0.77 to $0.81
• Stock-based compensation expense is expected to average slightly more than $20 million per quarter for 2024

Posted In: UPWK