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Upwork Stock Down 18% YTD: Is This a Buying Opportunity?
ZACKS· 2025-06-20 14:20
Key Takeaways UPWK posted record Q1 revenues of $193M and adjusted EBITDA of $56M. The company is leveraging AI to boost productivity, improve hiring and drive client engagement. Acquisitions, including Headroom and Objective AI, have accelerated Upwork's AI roadmap.The way we work is changing fast. Thanks to the rise of the gig economy, more people are choosing freelance work for its flexibility, freedom, and control over their time and workspace. This shift is fueling rapid growth in platforms that conn ...
Can Upwork's AI Push Set It Apart in the Freelance Economy?
ZACKS· 2025-06-18 13:56
Key Takeaways UPWK's AI features drove a 52% Q1 engagement jump, with proposal writing up 58% quarter over quarter. The Objective AI acquisition improved talent matching and expanded multi-modal platform capabilities. Q1 GSV per active client rose year over year, aided by AI-driven search and customer experience upgrades.As the freelance economy evolves and artificial intelligence (AI) gains traction, Upwork Inc. (UPWK) has been accelerating efforts to make its platform AI-native. At the center of this ef ...