Upwork Investor Presentation Deck

Strong Active Client Growth TTM Active Clients ¹ 700k 600k 500k 400k 300k 200k 100k Ok 512k Ⓒ2022 Upwork Inc. 10% Q1-2019 524k 10% Q2-2019 1 See appendix for the definition of Active Clients. Q1'22 Investor Presentation 535k 10% 540k April 2022 9% 549k 7% 570k 9% 602k 12% 633k 17% 685k 25% 725k 27% 752k 25% YoY Growth 771k 22% 793k Q3-2019 Q4-2019 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Q2-2021 Q3-2021 Q4-2021 Q1-2022 16% TTM Active Clients 30% 25% 20% 15% 10% 5% 0% YOY Growth 23

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