Upwork raises 2026 adjusted EBITDA outlook to $236 million-$240 million
UPWK•Upwork raised its full-year 2026 adjusted EBITDA outlook to $236 million-$240 million, implying a 32% margin at the midpoint. It expects annual revenue at the top of its prior range of $742 million-$750 million.
1. Raised outlook
Upwork expects full-year 2026 revenue at the top of its previous $742 million-$750 million range and adjusted EBITDA of $236 million-$240 million. Fourth-quarter revenue is forecast at $169 million-$177 million, with adjusted EBITDA of $51 million-$55 million. The company projects non-GAAP diluted EPS of $1.45-$1.47 for the year and $0.30-$0.32 for the quarter. The fourth-quarter revenue outlook includes approximately $4 million from WorkMotion, offset by a managed services project moving off-platform.
