Upwork Inc., the world's largest work marketplace connecting businesses with independent talent globally, has released its financial results for the fourth quarter and full year of 2024. The company achieved record revenue, GAAP net income, and adjusted EBITDA for both periods. Financial Highlights For the fourth quarter of 2024, Upwork reported revenue of $191.5 million, marking a 4% year-over-year increase. The company also achieved a GAAP net income of $147.2 million, significantly up from $17.4 million in the same quarter of 2023. Adjusted EBITDA for the quarter was $50.2 million, representing a 65% increase from the previous year. For the full year 2024, Upwork's revenue grew by 12% year-over-year to $769.3 million. The company reported a GAAP net income of $215.6 million, compared to $46.9 million in 2023. Adjusted EBITDA for the year was $167.6 million, a 129% increase from 2023.