Upwork reports Q1 non-GAAP EPS 35c, consensus 27c

Reports Q1 revenue $195.5M, consensus $195.9M. “This was a dynamic first quarter, where we delivered strong profitability while navigating a challenging demand environment,” said Hayden Brown, president and CEO of Upwork (UPWK). “The nature of work continues to shift as AI advances, and we continue to build Upwork for where work is headed. With momentum in our AI, SMB, and Enterprise growth pillars, we are confident in our strategy and are taking the necessary steps today to further sharpen our execution.”