Achieves record revenue, GAAP net income1 and adjusted EBITDA2,3 for the fourth quarter and full year 2024Fourth-quarter revenue of $191.5 million and GAAP net income1 of $147.2 millionFourth-quarter adjusted EBITDA2,3 of $50.2 million or 26% adjusted EBITDA margin, Upwork’s highest ever Full-year revenue of $769.3 million, GAAP net income1 of $215.6 million, and adjusted EBITDA2,3 of $167.6 million PALO ALTO, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work mar ...

Upwork (NASDAQ: UPWK ), the marketplace connecting clients to freelancers and a Covid-era darling, is up around 60% in the last six months - trading at around $16 per share, yet still far off its Covid highs of $59 per share. I think UPWK's model hasI'm in the last year of my law PhD on the topic of corporate wrongdoing. My main focus in equity research is following up on companies that have been targeted by activist short sellers. I have found these interesting because:i) they are typically undercovered - ...

PALO ALTO, Calif., Jan. 22, 2025 (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 fourth quarter and full year of 2024 on Wednesday, February 12, 2025 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 wil ...

PALO ALTO, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today released its annual In-Demand Skills report, spotlighting the most sought-after skills across key work categories on its platform. The findings highlight a dual emphasis on advanced technical skills and human-centric roles, underscoring the evolving demands of a workforce shaped by emerging technologies, digital transformation, and global disrup ...

PALO ALTO, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s work marketplace that connects businesses with independent talent, today released its annual In-Demand Skills report, spotlighting the most sought-after skills across key work categories on its platform. The findings highlight a dual emphasis on advanced technical skills and human-centric roles, underscoring the evolving demands of a workforce shaped by emerging technologies, digital transformation, and global disru ...

SAN FRANCISCO, Jan. 02, 2025 (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 President and CEO Hayden Brown and CFO Erica Gessert will participate in a fireside chat at the 27th Annual Needham Growth Conference in New York, NY on Wednesday, January 15, 2025 at 8:45 a.m. PT/11:45 a.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations section ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Upwork. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Upwork. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Core Insights - Upwork (UPWK) shares have increased by 12.5% over the past month, outperforming the Zacks Computer & Technology sector's growth of 5.9% and the Zacks Internet - Services industry's return of 7.4% [1] - The company's strong performance is attributed to its focus on AI-driven innovations, strategic acquisitions, and impactful partnerships [1] Product and Innovation - UPWK's innovative product portfolio, including the new Business Plus plan, allows larger clients to access advanced features at lower costs, bridging the gap between Marketplace and Enterprise offerings [2] - The platform's AI-powered Managed Services enhance its capability to meet enterprise demands [2] - AI innovation, particularly through proprietary tools like Mindful AI, Uma, has been a significant driver of Upwork's revenue growth [3] - Recent acquisitions, such as Headroom and Objective, have strengthened UPWK's AI capabilities and technology offerings [3] Partnerships - UPWK benefits from a diverse partner base, including platforms like Webflow, Smartsheet, and Bubble, which help expand its reach by providing pre-vetted experts [4] - Collaborations with emerging tech providers like Lettuce and Ocoya integrate Upwork's services into customer workflows [4] Financial Performance and Estimates - For Q4 2024, UPWK anticipates revenues between $178 million and $183 million, with non-GAAP diluted earnings expected between 24 cents and 26 cents per share [5] - For the full year 2024, UPWK projects revenues between $756 million and $761 million, indicating a 10% year-over-year growth at the midpoint, with non-GAAP diluted earnings expected between $1 and $1.02 per share [5] - The Zacks Consensus Estimate for Q4 revenues is $181.2 million, reflecting a year-over-year decline of 1.48%, while the earnings consensus is 23 cents per share, showing a 15% year-over-year growth [6] - The 2024 revenue consensus is $759.04 million, indicating a year-over-year growth of 10.14%, with earnings expected at 89 cents per share, reflecting a 71.15% year-over-year growth [7] - UPWK has consistently beaten the Zacks Consensus Estimate in the last four quarters, with an average surprise of 18.14% [7] Investment Outlook - Upwork's emphasis on AI, strategic acquisitions, and expanding partnerships highlights its potential for long-term growth [9] - The company holds a Zacks Rank 2 (Buy) and a Growth Score of A, indicating a strong investment opportunity [9]

SAN FRANCISCO, Nov. 19, 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 UBS Global Technology and AI Conference in Scottsdale, AZ on Tuesday, December 3, 2024 at 10:35 a.m. PT/1:35 p.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations section of Upwork’s Investor Relations w ...