Upwork, Inc. (UPWK) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET

Corporate Participants

Evan Barbosa - VP, IR

Hayden Brown - President and Chief Executive Officer

Erica Gessert - Chief Financial Officer

Conference Call Participants

Eric Sheridan - Goldman Sachs

John Byun - Jefferies

Nat Schindler - Bank of America

Matt Farrell - Piper Sandler

Logan Reich - RBC Capital

Bernie McTernan - Needham

Marvin Fong - BTIG

Andrew Boone - JMP Securities

Rohit Kulkarni - ROTH

Operator

Thank you for standing by, and welcome to Upwork's First Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, today's call is being recorded.

I would now like to hand the conference over to your host Mr. Evan Barbosa, Vice President of Investor Relations. Please go-ahead sir.

Evan Barbosa

Thank you. Welcome to Upwork's discussion of its first quarter 2023 financial results. Joining me today are Hayden Brown, Upwork's President and Chief Executive Officer and Erica Gessert, Upwork's Chief Financial Officer. Following management's prepared remarks, we'll be happy to take your questions. But first, I'll review the Safe Harbor statement.

During this call, we may make statements related to our business that are forward-looking statements under federal securities laws. Forward-looking statements include all statements other than statements of historical fact. These statements are not guarantees of future performance, but rather are subject to a variety of risks, uncertainties and assumptions. Our actual results could differ materially from expectations reflected in any forward-looking statements.

For a discussion of material risks and other important factors that could affect our actual results, please refer to our SEC filings available on the SEC website and on our Investor Relations website as well as the risks and other important factors discussed in today's shareholder letter. Additional information will also be set forth in our quarterly report on Form 10-Q for the three months ended March 31, 2023, when filed.

In addition, reference will be made to certain non-GAAP financial measures. Information regarding a reconciliation of non-GAAP to GAAP measures can be found in the shareholder letter that was issued this afternoon on our Investor Relations website at investors.upwork.com. As always, unless otherwise noted, reported figures are rounded and comparisons to the first quarter of 2023 or to the first quarter of 2022. All financial measures are GAAP unless cited as non-GAAP.

Now I'll turn the call over to Hayden.

Hayden Brown

Thanks, Evan, and thank you all for joining us today for our first quarter 2023 earnings call.