Wed. 14 Feb 2024, 4:09pm ET
Benzinga
News, Guidance
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