Airtasker, an online marketplace where people post or accept tasks such as household cleaning or assembling flat-packed furniture, is preparing for an equity raising to fund growth in the US, the Australian Financial Review reported https://t.co/dpblxKhOJC ...

PALO ALTO, Calif., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s human and AI-powered work marketplace, today announced initial findings from its new Human+Agent Productivity Index (HAPI), the industry’s first data-driven evaluation of how human expertise amplifies AI agent performance in real knowledge work. HAPI measures the value of humans-in-the-loop (HITL) across more than 300 real client projects completed on Upwork, intentionally selected for being simple, well-defined, lo ...

Core Insights - Upwork Inc. is expanding its operations by opening its first international hub in Lisbon, Portugal, marking a significant milestone in its growth strategy [1][4] - The new office is set to be fully operational by Q4 2026 and is located in the Alcântara district, known for its vibrant business and technology environment [2] - The expansion is part of Upwork's strategy to leverage AI-driven demand for skills that cannot be automated, with a notable 53% year-over-year growth in gross services volume (GSV) from AI-related work [3][4] Company Expansion - Upwork has begun hiring to support its new operational hub in Lisbon, which is expected to enhance its product development and technical hiring capabilities outside the U.S. [2] - The CEO of Upwork, Hayden Brown, emphasized the city's exceptional talent pool and the supportive local government as key factors in choosing Lisbon for expansion [4] Market Context - The announcement of the Lisbon hub follows a record-breaking Q3 for Upwork, driven by AI-powered product innovations and strong demand for AI skillsets [4] - Lisbon has become an attractive destination for tech companies, with Upwork being the 17th unicorn to establish an office there since the launch of the Unicorn Factory initiative [4] Strategic Importance - The Lisbon hub is expected to play a central role in advancing Upwork's AI infrastructure, which is a critical driver for the company's future growth [5] - Upwork's family of companies connects businesses with global talent across various work types, facilitating over $30 billion in total transactions since its founding [6]

Core Insights - Outdoor Holding Company reported its financial results for the second fiscal quarter ended September 30, 2025, highlighting a strategic transformation that is yielding positive outcomes [1][4]. Financial Highlights - Net revenues for the second quarter remained stable at $11.98 million, showing no significant year-over-year change [6][7]. - Gross margin improved to 87.1%, up from 86.9%, indicating enhanced operational efficiency and a higher mix of premium seller services [6][7]. - Operating expenses decreased by $6.71 million year-over-year, reflecting the company's cost discipline and transition to an asset-light model [6][7]. - The company achieved a net income from continuing operations of $1.40 million, a significant turnaround from a net loss of $5.87 million in the previous year [6][7][9]. - Adjusted EBITDA rose to $4.91 million, compared to $3.95 million in the prior year [6][9]. Operational Highlights - The company completed the divestiture of its ammunition manufacturing division and finalized its rebranding, focusing solely on its e-commerce marketplace, GunBroker.com [4][11]. - Key marketplace performance indicators showed resilience, with firearm GMV increasing by 1.2% despite a 1.1% decrease in total GMV [15]. - The company introduced several platform upgrades aimed at enhancing user engagement and satisfaction, contributing to higher average order values and improved seller retention [8][15]. Strategic Focus - Management emphasized a disciplined strategy centered around operational efficiency, margin expansion, and digital innovation to capture growth opportunities [4][5][10]. - The company is well-positioned to leverage its strengthened balance sheet and platform investments for sustained value creation for shareholders [10].

Core Insights - Kaspi.kz reported a 20% year-over-year revenue increase and a 12% net income increase for 3Q 2025, with underlying revenue and net income growth of 23% and 21% respectively when excluding smartphone GMV and regulatory changes [2][3] - The company anticipates a net income growth of 10-12% YoY for 2025, with underlying growth expected to be around 18-20% YoY, excluding smartphone GMV and regulatory impacts [3] Financial Performance - For 3Q 2025, total revenue increased by 20% YoY, while net income rose by 12% YoY; for the first nine months of 2025, revenue and net income both increased by 20% and 14% YoY respectively [2] - Monthly Transactions per Active Consumer stood at 76, indicating strong customer engagement [2] - Payments segment saw a total payment volume (TPV) increase of 18% YoY in 3Q 2025, with transactions up 14% YoY; for 9M 2025, TPV and transactions increased by 21% and 15% YoY respectively [2] Marketplace and E-Commerce - Marketplace revenue growth significantly outpaced GMV growth, with purchases up 36% YoY in both 3Q and 9M 2025; revenue increased by 24% YoY in 3Q 2025, while GMV grew by 12% [2] - Excluding smartphone GMV, Marketplace GMV increased by 20% and 21% YoY in 3Q and 9M 2025, with revenue growth of 32% and 34% respectively [2] - e-Grocery GMV grew by 53% YoY in 3Q 2025, showcasing rapid growth in this segment [2] Advertising and Innovation - Advertising revenue surged by 56% and 76% YoY in 3Q and 9M 2025, respectively, driven by new advertising services for merchants [2] - The company is set to roll out Kaspi Alaqan, a pay-by-palm innovation, in 4Q 2025, aimed at enhancing customer value [2] Strategic Developments - Kaspi.kz has integrated with six banks in Kazakhstan and expanded its partnerships with O!Bank in Kyrgyzstan and AliPay+ [2] - The company is working on acquiring Rabobank A.Ş. and has announced a modest share capital increase expected to raise approximately $100 million [3] - A $100 million ADS repurchase program has been initiated, reflecting the company's strong cash generation capacity and long-term growth prospects [3]

Online grocery delivery platform Instacart (NASDAQ:CART) will be reporting results this Monday before market hours. Here’s what you need to know. Instacart beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $914 million, up 11.1% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates. Is Instacart a buy or sell going into earnings? Read our full analysis here, it’s free for act ...

Secondhand luxury marketplace The RealReal (NASDAQ: REAL) will be reporting earnings this Monday after market hours. Here’s what investors should know. The RealReal beat analysts’ revenue expectations by 3.6% last quarter, reporting revenues of $165.2 million, up 14% year on year. It was a very strong quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates. It reported 1 million users, up 163% year on year. Is Th ...

We recently published 10 Firms Stealing Market Spotlight Amid Bloodbath. Upwork Inc. (NASDAQ:UPWK) is one of the best-performing stocks on Tuesday. Upwork ended a four-day loss on Tuesday, surging 13.24 percent to close at $17.70 apiece as investors took heart from its impressive earnings performance and higher growth outlook for the full-year period. In an updated report, Upwork Inc. (NASDAQ:UPWK) said it grew its net income by 6 percent in the third quarter of the year to $29.3 million from $27.7 milli ...

Upwork, Inc. (NASDAQ:UPWK) shares rallied after the company released its third-quarter earnings report after Monday's closing bell. Upwork beat analyst estimates on the top and bottom lines. Here's a look at the details in the report. UPWK stock is moving. See the real-time price action here.The Details: Upwork reported quarterly earnings of 36 cents per share, which beat the Street estimate of 29 cents.Quarterly revenue came in at $201.73 million, which beat the analyst consensus estimate of $193.34 millio ...

Core Insights - Upwork Inc. achieved record quarterly revenue of $201.7 million in Q3 2025, with a GAAP net income of $29.3 million and an adjusted EBITDA of $59.6 million, resulting in a profit margin of 15% and an adjusted EBITDA margin of 30% [1][2][6] Financial Performance - Revenue grew by 4% year-over-year to $201.7 million, while net income increased by 6% year-over-year to $29.3 million [6][21] - Adjusted EBITDA rose by 38% year-over-year to $59.6 million, with a record adjusted EBITDA margin of 30% [6][34] - Free cash flow for the quarter was $69.4 million, up 22% from $56.8 million in Q3 2024 [6][10] Operational Highlights - Active clients reached 794,000, with a Gross Services Volume (GSV) of $1.018 billion, reflecting a 2% year-over-year growth [6][8] - GSV per active client increased by 5% year-over-year to $5,036 [6] - GSV from AI-related work accelerated to 53% year-over-year growth in Q3 2025, compared to 30% in Q2 2025 [6][9] Strategic Initiatives - The company launched Lifted, a new enterprise-focused subsidiary, aimed at providing comprehensive contingent work solutions for large enterprises [9][15] - Upwork's AI tool, Uma™, has evolved to enhance customer engagement and productivity, contributing to the overall growth in GSV from AI-related projects [6][9] Guidance and Outlook - Upwork raised its full-year guidance for both revenue and adjusted EBITDA, projecting revenue between $782 million to $787 million and adjusted EBITDA between $222 million to $225 million for FY2025 [9][10]