Upwork Shares Higher After Q3 Earnings Beat, Raised Guidance, $100M Stock Buyback

Upwork Inc. (NASDAQ:UPWK) shares are climbing after the company reported its third-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report.

The Details: Upwork reported quarterly earnings of 29 cents per share, which beat the analyst consensus estimate of 26 cents. Quarterly revenue came in at $193.8 million, which beat the analyst consensus estimate of $185.85 million and is an increase over sales of $175.73 million from the same period last year.

Active clients grew 2% year-over-year to 855,000.

Free cash flow was $98 million in the third quarter of 2024, compared to free cash flow of $33.4 ...