Upwork Inc (NAS:UPWK)

$ 11.92 -0.18 (-1.49%) Market Cap: 1.58 Bil Enterprise Value: 1.48 Bil PE Ratio: 34.57 PB Ratio: 4.62 GF Score: 83/100

Upwork Inc at UBS Technology, Media & Telecom Conference Transcript

Nov 29, 2023 / 08:35PM GMT

Release Date Price: $14.26 (+0.07%)

Transcript

Kunal Madhukar

UBS Group AG - Analyst

Good afternoon, guys. Thank you for coming. My name is Kunal Madhukar. I'm the SMID-cap biotech analyst at UBS. It's a pleasure to host a fireside chat, with Erica Gessert, Upwork CFO. Erica, thank you so much for coming to the conference.

Erica Gessert

Upwork Inc. - CFO

Thanks for having me, Kunal. Absolutely nice to be here.

Questions & Answers

Kunal Madhukar;Erica Gessert

UBS Group AG - Analyst;Upwork Inc.

Great. So this is a fireside chat. So I'll be asking some of the questions. You're free to raise your hand and ask your question or you can log the question into into the online system either way it works. So Erica, Let's start with diving into the drivers of demand. In 2019, GSV growth was mid-teens and deselling. There is a significant acceleration that we have seen. how much of the demand during the COVID period was more related to businesses going online versus a general secular trend that that that kind of helped support it?

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