Upwork Raises 2026 Adjusted EBITDA Outlook to $236 Million-$240 Million

By Public Technologies22:05 (UTC), 2 November 2026 Updated

Upwork raised its full-year 2026 adjusted EBITDA outlook to $236 million-$240 million, implying a 32% margin at the midpoint.
Annual revenue is expected at the top of the previous $742 million-$750 million range.
Fourth-quarter revenue is forecast at $169 million-$177 million, with adjusted EBITDA of $51 million-$55 million.
Non-GAAP diluted EPS is projected at $1.45-$1.47 for the full year and $0.30-$0.32 for the fourth quarter.
The revenue outlook includes approximately $4 million from WorkMotion in the fourth quarter, offset by a managed services project moving off-platform.

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