Upwork enters the services space with Project Catalog
Jun 24th 2022, 12:43 am
In direct competition with Fiverr $FVRR and Airtasker, Upwork $UPWK the talent for hire marketplace is rapidly growing its Project Catalog initiative, a services marketplace that enables talent to list their services for purchase.
This is fairly big news considering that Upwork is the larger of the three, with revenue guidance of $590 million to $610 million in FY 2022, compared to Fiverr who had $316 million in 2021, and Airtasker with less than $20 million in 2021.
It's worth noting that Upwork is still bleeding cash like Fiverr and Airtasker, but is the closest to profitability.