SAN FRANCISCO, July 16, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the second quarter of 2024 on Wednesday, August 7, 2024 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the call will be available on the ...

Upwork Today Get Fiverr International alerts: Upwork +0.16 (+1.51%) ▼ P/E Ratio 30.72 Add to Watchlist The primary form of revenue generation is by deducting a percentage of the talent's pay. The company usually deducts 10% from the contractor's payment. Two other important points of note: In May 2023, Upwork fired 15% of its employees, mostly in its sales department, and its main competitor is Fiverr NYSE: FVRR. UPWK However, the firm's "take rate" is the most encouraging metric. The firm provides this cus ...

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From a technical perspective, Upwork (UPWK) is looking like an interesting pick, as it just reached a key level of support. UPWK recently overtook the 50-day moving average, and this suggests a short-term bullish trend.One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down tr ...

SAN FRANCISCO, May 14, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today released new research from The Upwork Research Institute revealing the ongoing growth of freelancing among Gen Z professionals along with their shifting priorities, expectations, and motivations for work. A staggering 38% of the U.S. workforce, or 64 million Americans, performed freelance work in 2023. More than half (52%) of all Gen Z professionals ...

SAN FRANCISCO, May 09, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, today announced that CFO Erica Gessert will participate in a fireside chat at the Needham Technology, Media & Consumer Conference at The Westin Grand Central Hotel in New York City on Tuesday, May 14, 2024 at 9:45 a.m. PT/12:45 p.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations sect ...

Key PointsUpwork’s Artificial Intelligence and Machine Learning segment saw 50% YoY gross service volume in Q1 2024.Upwork unveiled its AI bot Uma, the Mindful AI, which can more effectively match up businesses with top-qualified freelancers.Upwork beat Q1 2024 EPS by 4 cents as revenues rose 19% YoY and raised full-year 2024 guidance.5 stocks we like better than UpworkUpwork Inc. NASDAQ: UPWK is the largest online freelancer platform in the world, with over 870,000 active clients. The computer and technolo ...

Shares of Upwork (UPWK) have gained 6.3% over the past four weeks to close the last trading session at $12.63, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $18.36 indicates a potential upside of 45.4%.The average comprises 11 short-term price targets ranging from a low of $15 to a high of $22, with a standard deviation of $2.16. While the lowest estimate indicates an increase ...

Upwork Q1 2024 Earnings Safe Harbor Statement We have based these forward-looking statements largely on our current expectations and projections as of the date hereof about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to inherent uncertainties, known and unknown risks, and changes in circumstances that are dif ...

Start Time: 17:00 January 1, 0000 5:48 PM ET Company Participants Conference Call Participants Operator I would now like to hand the conference over to your speaker today, David Niederman, Vice President, Investor Relations. Please go ahead. Thank you. Welcome to Upwork's discussion of its first quarter 2024 financial results. Joining me today are Hayden Brown, Upwork's President and Chief Executive Officer; and Erica Gessert, Upwork's Chief Financial Officer. Additional information will also be set forth i ...