Upwork Reports Third Quarter 2024 Financial Results
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Upwork reported a 10% year-over-year revenue growth for Q3 2024, with a record GAAP net income of $27.8 million and adjusted EBITDA of $43.2 million. The company raised its FY 2024 guidance for revenue and adjusted EBITDA, announced a $100 million share repurchase program, and plans to acquire Objective to enhance its offerings.
November 06, 2024 | 9:15 pm
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Upwork reported strong Q3 2024 financial results with a 10% revenue growth, record net income, and raised FY 2024 guidance. The company also announced a $100 million share repurchase program and plans to acquire Objective.
The strong financial results, increased guidance, and share repurchase program are positive indicators for Upwork's stock. The acquisition of Objective is expected to enhance its offerings, further supporting a positive outlook.
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