Upwork reported a strong start to 2021 with a 41% year-over-year increase in GSV to $786.8 million and a 37% increase in revenue to $113.6 million. The company's net loss was $7.8 million, or $(0.06) per share, while non-GAAP net income was $4.2 million, or $0.03 per share.
GSV increased by 41% year-over-year to $786.8 million.
Revenue grew 37% year-over-year to $113.6 million.
Marketplace revenue grew 40% year-over-year to $104.7 million.
Non-GAAP net income was $4.2 million, or $0.03 per share.
Upwork provided guidance for the second quarter and full year 2021, factoring in the expected impacts of the COVID-19 pandemic. For Q2 2021, Upwork expects revenue in the range of $119 million to $121 million and adjusted EBITDA in the range of $2 million to $3 million. For the full year 2021, Upwork expects revenue in the range of $480 million to $490 million and adjusted EBITDA in the range of $16 million to $20 million.
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