Q2 2019 Financial and Business Highlights UPWORK STOCKHOLDER LETTER Q2 2019 1 Upwork August 7, 2019 Q2 2019 Financial and Business Highlights • Gross Services Volume (GSV) grew 20% year-over-year to $518.8 million • Revenue grew 18% year-over-year to $74.3 million • Core clients grew 21% year-over-year to 116,000 • Gross Margin expanded more than 3 points year-over-year to 71% • Hired substantially in line with sales headcount plan • Launched Agency Experience, a product allowing agencies to better promote ...