UPWK Stock Recent News

PALO ALTO, Calif., Feb. 18, 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 Citizens JMP Technology Conference in San Francisco, CA on Monday, March 3, 2025 at 12:00 p.m.

Upwork Inc.'s Q4 beats were driven by enterprises, and I expect to see this happen again. I think the enterprise segment has strong potential to drive Upwork's next leg of growth as it captures a higher-paying client base. Profit margins jumped 68% year-over-year in Q4 due to cost reduction, platform improvements, and scale.

Upwork's Q4 earnings showcased profitability, but AI poses long-term risks, making me remain neutral on its prospects despite a recent stock rally. Upwork's AI-related GSV grew 33% y/y, but overall revenue growth has decelerated to single digits, showcasing that AI may be a net headwind than a tailwind. The company introduced its AI tool "Uma" and acquired Objective for AI native search, yet simpler jobs may be lost to AI.

Upwork Inc. UPWK shares are trading higher on Thursday.

Work marketplace Upwork earned record revenue in 2024 and attributed its gains in part to artificial intelligence (AI). In an earnings release and other materials issued Wednesday (Feb. 12), the company highlighted AI innovations it added to its marketplace platform and AI talent the platform connects with its clients.

Upwork Inc. (NASDAQ:UPWK ) Q4 2024 Earnings Conference Call February 12, 2025 5:00 PM ET Company Participants Samuel Meehan - VP, IR Hayden Brown - President and CEO Erica Gessert - CFO Conference Call Participants Maria Ripps - Canaccord Andrew Boone - Citizens Stefanos Crist - Needham Brad Erickson - RBC Capital Markets Josh Chan - UBS Jared Osteen - ROTH Capital Partners John Byun - Jefferies Marvin Fong - BTIG Operator Good day, and thank you for standing by. Welcome to the Upwork Fourth Quarter and Full Year 2024 Earnings Conference Call.

The headline numbers for Upwork (UPWK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Online work marketplace Upwork (UPWK 1.97%) reported fourth-quarter earnings on Wednesday, Feb. 12, that topped analysts' consensus top- and bottom-line expectations. Record-breaking quarterly revenue of $191.5 million surpassed estimates of $180 million and were up 4.1% year over year.

Upwork (UPWK) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.20 per share a year ago.

Achieves record revenue, GAAP net income 1 and adjusted EBITDA 2,3 for the fourth quarter and full year 2024 Fourth-quarter revenue of $191.5 million and GAAP net income 1 of $147.2 million Fourth-quarter adjusted EBITDA 2,3 of $50.2 million or 26% adjusted EBITDA margin, Upwork's highest ever Full-year revenue of $769.3 million , GAAP net income 1 of $215.6 million , and adjusted EBITDA 2,3 of $167.6 million PALO ALTO, Calif., Feb. 12, 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 its financial results for the fourth quarter and full year of 2024.