Upwork Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 175.73 million compared to USD 158.64 million a year ago. Net income was USD 16.34 million compared to net loss of USD 24.83 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.19 a year ago.
For the nine months, sales was USD 505.2 million compared to USD 456.88 million a year ago. Net income was USD 29.51 million compared to net loss of USD 73.39 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to basic loss per share from continuing operations of USD 0.56 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.56 a year ago.