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Upwork's marketplace take rate reaches 20.0% as AI-skilled work grows

Upwork's marketplace take rate reaches 20.0% as AI-skilled work grows Image: Primary
Upwork's marketplace take rate reached 20.0% in the third quarter, up 110 basis points year over year, according to GuruFocus's earnings call highlights. Revenue was $186 million on $914 million in gross services volume, both above the high end of guidance. Gross services volume for AI-skilled talent increased 55% to $112 million. Business Plus represented 8% of total gross services volume, with revenue growing 120% year over year. Upwork raised full-year adjusted EBITDA guidance to $236 million to $240 million, while forecasting fourth-quarter revenue of $169 million to $177 million.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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