Additionally it is quite possible that Upwork will significantly beat its earnings expectations due to the following reasons:
- Upwork has received considerable publicity over its IPO, resulting in new businesses and freelancers joining the Upwork platform.
- Upwork has hired an enterprise sales team to connect more Fortune 500 businesses to Upwork, which are historically proven to spend the most money on the platform.
- Microsoft partnered with Upwork to start offering Upwork’s services to enterprise clients in Microsoft’s network.
- Upwork has launched a national ad campaign to raise awareness around the platform.
Earnings announcement for UPWK is on Feb 06, 2019. Till then we’ll just have to wait and see.
Disclaimer: As a company that uses Upwork on a daily basis, many of us freelancers have made an investment in UPWK. We believe in the platform fully.
