UPWK Stock Recent News

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Upwork's stock price recovered in the fourth quarter after publishing encouraging financial results that showed that its business was still growing. The UPWK stock jumped to a high of $18, it highest level since August 2022, bringing its market cap to over $2.15 billion.

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.

SAN FRANCISCO, Oct. 15, 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 it will report its financial results for the third quarter of 2024 on Wednesday, November 6, 2024 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.

SAN FRANCISCO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent across the globe, today issued the following statement in response to a letter from Engine Capital to Upwork's Board of Directors:

Engine Capital has a roughly 4% stake in freelance marketplace Upwork and is pushing the company to shake up its board. In a letter to the board on Friday, Engine said Upwork needs to fix the "foundational issues" plaguing the platform.

SAN FRANCISCO, Aug. 26, 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 President and CEO Hayden Brown and CFO Erica Gessert will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA on Monday, September 9, 2024 at 8:50 a.m. PT/11:50 a.m. ET.

The rising effectiveness of artificial intelligence is creating downward pressure on this company's stock price.

Shares of Upwork have dropped sharply since reporting Q2 results and lowering its revenue guidance for FY24, citing softer macro trends that are impacting small businesses. Despite the top-line guidance cut, the company held its adjusted EBITDA outlook and even slightly increased its EPS forecast. In Q2, Upwork saw y/y growth in active clients, while rival Fiverr declined. Upwork's growth is outpacing its key rival, indicating market share gains.

Upwork (UPWK) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.10 per share a year ago.