Upwork Reports Q3 2026 Earnings and Raises Full-Year EBITDA Guidance
Upwork (UPWK) reported strong third-quarter 2026 financial results, highlighted by $186 million in revenue and an upward revision of its full-year adjusted EBITDA guidance to a range of $236 million to $240 million. The company is successfully executing a strategic pivot away from low-value assignments toward high-value enterprise clients and AI-driven integrations. Key growth drivers include the acquisition of WorkMotion, which enhances Upwork's 'Lifted' enterprise platform by providing global employer of record services. Additionally, the premium 'Business Plus' tier saw 120% year-over-year revenue growth, while new AI monetization via the Model Context Protocol (MCP) server has already reached a $3 million annual run rate.
Tickers: $UPWK
Topics: acquisition earnings report enterprise expansion revenue growth