UPWK Stock Recent News

Upwork Inc.'s UPWK, +6.13% stock surged 18% in after-hours trading Tuesday after the company registered quarterly results that topped analyst revenue and earnings estimates. Upwork reported fiscal third-quarter net income of $16.3 million, or 12 cents a share, compared with a net loss of $24.8 million, or 19 cents a share, in the same quarter a year ago.

SAN FRANCISCO, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest1 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 2023 on Tuesday, November 7, 2023 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, Aug. 29, 2023 (GLOBE NEWSWIRE) --   Upwork Inc. (Nasdaq: UPWK), the world's largest1 work marketplace that connects businesses with independent talent from across the globe, today announced that President and CEO Hayden Brown, CFO Erica Gessert, and VP of Investor Relations Evan Barbosa will participate in the following upcoming investor conferences:

Several surveys suggest that working professionals are open to freelance opportunities as well as preferring to work remotely. Upwork saw a big increase in searches on its platform for generative AI skillsets.

Shares of the world's largest business freelance platform Upwork. Inc. NASDAQ: UPWK exploded higher by more than 50% higher on its Q2 2023 earnings report.

Upwork CEO Hayden Brown joins 'The Exchange' to discuss the state of the labor market, jobs report, and AI's impact on freelance work.

Upwork wasn't supposed to earn money in Q2, but it did. The company earned $0.10 per share on an adjusted basis, but lost $0.03 per share on a GAAP basis.

Markets moved slightly lower early Thursday as investors stayed nervous about the immediate future of the economy. Upwork shares jumped as the freelance platform provider announced extensive AI-related capabilities.

While the top- and bottom-line numbers for Upwork (UPWK) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Upwork (UPWK) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.04 per share a year ago.