6,575
edits
Upwork:Quarterly Results/2022 Q4: Difference between revisions
Upwork:Quarterly Results/2022 Q4 (view source)
Revision as of 10:42, 10 February 2023
, 10 February 2023no edit summary
No edit summary |
No edit summary |
||
| Line 3: | Line 3: | ||
== Expectations == | == Expectations == | ||
=== Management Guidance<ref>https://investors.upwork.com/static-files/b5ef19da-22d6-4701-a36b-aa86cb398a6b#:~:text=Our%20overall%20take%20rate%20in,quarter%20of%20the%20prior%20year.</ref> === | |||
{| class="wikitable" | |||
|Key metrics | |||
|Lower Bound | |||
|Mid-point | |||
|Upper Bound | |||
|Q4 2021 | |||
|Mid-point y/y growth(%) | |||
|- | |||
|Revenue in $ million | |||
|158 | |||
|159 | |||
|160 | |||
|137 | |||
|16.06% | |||
|- | |||
|Non-GAAP basic and diluted loss per share | |||
| -0.01 | |||
| -0.02 | |||
| -0.03 | |||
| -0.05 | |||
|60.00% | |||
|} | |||
The management is guiding for a deceleration in revenue growth rate from the third quarter 2022 (23.80%) to the fourth quarter 2022(16.06%) due to the softening of seasonal and macroeconomic conditions. Additionally, the fourth quarter revenue growth rate is expected to be lower year-over-year due to a strong quarter in 2021 as a result of Covid tailwinds. | |||
== Competitor Expectations and Results == | == Competitor Expectations and Results == | ||