Upwork Stock News

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?

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 AirB...

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.

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 Ca...

Achieves record first quarter with revenue of $192.7 million, GAAP net income of $37.7 million and adjusted EBITDA of $56.0 million, resulting in 20% profit margin and 29% adjusted EBITDA margin Reiterates FY2025 revenue guidance and raises full-year adjusted EBITDA guidance PALO ALTO, Calif., May 05, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that...

PALO ALTO, Calif., April 23, 2025 (GLOBE NEWSWIRE) -- Upwork Inc.  (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent, today unveiled its inaugural Future Workforce Index , a flagship report analyzing the rise of skilled freelancers performing knowledge work and their impact on the workforce, economy, and business innovation.

PALO ALTO, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- U pwork (NASDAQ: UPWK), the world's work marketplace, today announced that it has been recognized by Fast Company as one of the Most Innovative Companies of 2025 in the Human Resources category.