# Upwork Shares Jump After Earnings Beat

> Upwork shares rose after beating earnings estimates and raising full-year profit outlook.
- Title: Upwork Shares Jump After Earnings Beat · BigGo Finance
- Summary: Upwork shares rose after beating earnings estimates and raising full-year profit outlook. Upwork raised full-year adjusted EPS outlook to $1.45-$1.47 per…
- Keywords: upwork, earnings, revenue, full-year outlook, ai-skilled freelancers, upwork now, lifted, workmotion, finance, markets, Shares, Jump
- Source: BigGo Finance — https://finance.biggo.com/news/09762c7f-bd2a-407e-8b64-0bdab4dcd750
- Author: BigGo Finance
- Published: 2026-11-02T22:55:18+00:00
- Read time: 1 min
- Topics: upwork, earnings, revenue, full-year outlook, ai-skilled freelancers, upwork now, lifted, workmotion, finance, markets
## Upwork Reports Q3 Earnings
Upwork Inc reported third-quarter adjusted earnings of 40 cents a share, beating the 32-cent consensus on revenue of $185.6 million that topped estimates and rose 5% year over year.
## Full-Year Profit Outlook Raised
Upwork raised its full-year adjusted EPS outlook to $1.45-$1.47 from $1.38-$1.43 and narrowed revenue guidance to $742 million-$750 million.
## Q4 Guidance Slightly Below Expectations
Fourth-quarter revenue guidance came in slightly below the $174.9 million consensus with a midpoint of $173 million.
## Marketplace Revenue Declined
Marketplace revenue fell 9% and gross services volume dropped 10.1% to $914.1 million in the quarter.
## AI-Skilled Freelancers Drive Growth
AI-skilled freelancer billings reached a $45 million annualized run rate, up 55% year over year, as Upwork launched Upwork Now.
## Leadership Change Announced
CFO Erica Gessert will step down on Jan. 1, 2027, with Peter Sanborn named successor to lead the company.
## Acquisition of WorkMotion
Upwork acquired Berlin-based WorkMotion, a leading employer-of-record provider, to support international expansion.
## Key takeaway

Upwork raised full-year adjusted EPS outlook to $1.45-$1.47 per share after reporting third-quarter results that exceeded Wall Street expectations.