Upwork Investor Day Presentation Deck

We Are Adding High-Value Clients at an Accelerating Pace Note: (1) See appendix for the definition of high-value clients. High-Value Clients (¹) 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Number of Clients with GSV Exceeding $100K During the Trailing 12 Months ~1,200 25% 2016 ~1,500 27% 2017 -2,100 41% 2018 ~2,600 22% 2019 3,100+ 23% 2020 3,400+ 27% Q1-2021 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% YOY Growth 107

View entire presentation