UPWK Stock Recent News

Buy TNET, UPWK, and PCTY as they capitalize on the evolving staffing industry trends and drive growth in the flexible workforce market.

The potential for more upside in Trivago (TRVG) and Upwork (UPWK) stock is hard to overlook at the moment, as they are two up-and-coming players in the internet services market.

While the company's strategies seem to be effective, its performance raises a larger question: Does Upwork's recent success signify a long-term expansion of the freelance economy, with the platform poised to benefit from changing work models?

The 2025 Q1 earnings cycle continues its rapid pace, with a fair chunk of S&P 500 companies already delivering their quarterly results. We've still got plenty to hear from, though, with the next few weeks remaining busy.

Upwork had a stellar Q1'25, with significant margins improvements and raising their adjusted EBITDA guidance. While many thought AI would be a threat to a significant part of Upwork's talent pool, that concern has not materialized. Instead, AI seems to have benefited the company. Upwork's model should be able to enjoy the sort of scaling and operating leverage familiar to companies such as AirBnB and Uber, and this quarter showed potential in that direction.

Upwork raised its bottom-line outlook amid a tough climate, causing a 20% rally, but I recommend selling due to long-term risks. Revenue growth is slowing to near-zero, with declining active clients, as businesses cut costs and reduce contract work. In the long run, increased business appetite in investing into AI automation may shrivel a lot of the available market for freelance work.

Shares of Upwork (UPWK 18.39%) were really putting in the work for investors on Tuesday. The job and human resources tech specialist's stock enjoyed an 18% rise across the day thanks to a first-quarter earnings report that many investors found very heartening.

Hayden Brown, Upwork president and CEO, joins 'The Exchange' to discuss the company's quarterly earnings results, the kinds of jobs looking for Upwork's services, and much more.

Upwork Inc. (NASDAQ:UPWK ) Q1 2025 Earnings Conference Call May 5, 2025 5:00 PM ET Company Participants Samuel Meehan - VP, IR Hayden Brown - President and CEO Erica Gessert - CFO Conference Call Participants Eric Sheridan - Goldman Sachs Bernie McTernan - Needham & Co. Ronald Josey - Citi Andrew Boone - Citizens Brad Erickson - RBC Capital Markets John Byun - Jefferies Rohit Kulkarni - ROTH Capital Partners Matt Shidler - Scotiabank Marvin Fong - BTIG Operator Good day and thank you for standing by. Welcome to Upwork's First Quarter 2025 Earnings Conference Call.

Upwork (UPWK) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.22 per share a year ago.