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Dec 31, 2020
Upwork Q4 2020 Earnings Report
Achieved highest year-over-year growth since going public.
Key Takeaways
Upwork's Q4 2020 revenue grew 32% year-over-year to $106.2 million. Marketplace revenue grew 34% to $96.9 million. Net income was $0.9 million, or $0.01 per share, compared to a net loss of $5.5 million, or $(0.05) per share, in the fourth quarter of 2019.
GSV increased by 33% year-over-year to $727.7 million.
Revenue grew 32% year-over-year to $106.2 million.
Marketplace revenue grew 34% year-over-year to $96.9 million.
Gross margin expanded two percentage points year-over-year to 73%.
Revenue by Segment
Forward Guidance
Upwork is providing the following guidance for its first quarter and full year 2021: For the first quarter of 2021, Upwork expects to report: Revenue in the range of $107 million to $109 million. For the full year 2021, Upwork expects to report: Revenue in the range of $460 million to $470 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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