Upwork backs FY25 adjusted EPS view $1.14-$1.18, consensus $1.10

Backs FY25 revenue view $740M-$760M, consensus $751.11M. Backs FY25 adjusted EBITDA view $190M-$200M. “Our first-quarter results demonstrate our commitment to driving strong and expanding profit margins while investing in growth,” said Erica Gessert, CFO, Upwork (UPWK). “Our continued focus on cost discipline, combined with better-than-expected revenue performance, drove another quarter of record profitability, more than doubling net income from the prior year to $37.7 million, achieving $56.0 million in adjusted EBITDA and a new high of 29% adjusted EBITDA margin. This strong performance enables us to increase our adjusted EBITDA guidance range for 2025 and underscores our dedication to expanding profitability and growing free cash flow as we continue toward more meaningful topline growth.”