Revenue segments as reported by the company.

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for transaction losses

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Upwork Inc

Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

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Upwork reports robust Q4 earnings, eyes AI talent market growth

Upwork's Q4 2022 performance showcased revenue growth, strong brand awareness, and expansion in the Enterprise segment. While facing challenges in client acquisition and retention, the company is leveraging opportunities in the AI talent market and organizational restructuring for future success.

Upwork surpasses Q1 revenue expectations, eyes AI for growth

Upwork's Q1 performance exceeded expectations, showcasing growth and profitability initiatives. While facing challenges from macroeconomic uncertainty, the company remains focused on leveraging AI and optimizing Enterprise sales. Opportunities lie in AI-driven efficiency gains and targeting high-value Enterprise segments.

Upwork reports solid Q2 earnings, expands AI services with OpenAI

Upwork's Q2 2023 performance reflects steady revenue growth, operational efficiency, and a strong market presence, underpinned by strategic investments in AI and new client acquisitions.
The company's focus on sustainable profitability, innovative partnerships, and expanding service offerings positions it well for future growth and value creation for shareholders.
While facing challenges in talent scalability and operational balancing, Upwork's proactive approach to addressing these issues and seizing growth opportunities bodes well for its long-term success.

Upwork surpasses Q3 expectations with AI investments driving growth

Upwork's Q3 2023 performance exceeded expectations, driven by AI investments and strong revenue growth. Challenges include macroeconomic uncertainties and balancing margin accretion with growth investments. Opportunities lie in strategic brand investments, sales optimization, and education partnerships to drive growth and strengthen competitiveness.

Upwork reports robust Q4 earnings, eyes AI innovation for growth

Upwork's Q4 2023 performance reflects strong revenue growth, record net income, and successful AI investments and partnerships, positioning the company for future success.
While challenges like revenue moderation and expense optimization exist, opportunities in AI innovation, advertising products, and strategic investments offer avenues for growth.
Overall, Upwork's financial strength, focus on innovation, and confidence in driving profitability and cash flow growth underscore a positive outlook for the company's future.

Upwork reports strong Q1 earnings, eyes AI growth opportunities

Upwork's Q1 2024 showcased robust financial performance, profitability focus, and strategic growth initiatives.
The company's emphasis on AI capabilities, partnerships, and revenue diversification positions it well for sustained growth.
Challenges in AI-related premium wages moderation and client retention strategies require attention for long-term success.

Upwork reports solid Q2 results, focuses on innovation and margin growth

Upwork's Q2 performance showed revenue growth but faced challenges from macroeconomic conditions. The company's strengths lie in its marketplace model, AI-related work success, and high gross margins. Opportunities exist in strategic investments for growth and margin expansion.

Upwork reports robust Q3 earnings, eyes AI growth and efficiency

Upwork's Q3 2024 performance reflects strong revenue growth, operational efficiency, and strategic initiatives to drive client engagement and platform enhancements.
While macroeconomic challenges pose concerns, the company's focus on AI, Business Plus, and cost savings positions it well for sustained growth and innovation.
With increased revenue guidance and a focus on AI capabilities, Upwork is poised to navigate challenges and leverage opportunities for future expansion and success.

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Upwork, Inc. is an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in Palo Alto, CA.

I'm initiating Upwork with a buy, as I'm convinced by management's surgical approach to reducing costs while boosting profitability next year. The way I see it, Upwork has three things that'll work in its favor: disciplined cost reduction, scaling its reach, and new improvements to the platform using AI. UPWK also recently introduced a new Business Plus plan that adds another entry point to the platform with more affordable pricing and a smoother buying plan.

Upwork: Disciplined Cost Reduction, Platform Improvements - Buy

SAN FRANCISCO, Nov. 19, 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 CFO Erica Gessert will participate in a fireside chat at the UBS Global Technology and AI Conference in Scottsdale, AZ on Tuesday, December 3, 2024 at 10:35 a.m. PT/1:35 p.m. ET.

Upwork to Present at UBS Global Technology and AI Conference

Upwork (UPWK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Upwork (UPWK) Stock

Upwork Inc. (UPWK) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, UPWK's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

Upwork (UPWK) Now Trades Above Golden Cross: Time to Buy?

The company reported better-than-expected results for its third quarter.

Why Upwork Stock Jumped This Week

The online employment marketplace posted solid third-quarter results.

Why Upwork Stock Popped Today

Upwork Inc. UPWK reported better-than-expected third-quarter results after Wednesday's closing bell.

These Analysts Raise Their Forecasts On Upwork Following Strong Earnings

Upwork achieved strong earnings with rising profits, but active client growth remains tepid.

Upwork Achieves Record Net Income in Q3

Upwork Inc. (UPWK) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Upwork (UPWK) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Upwork (UPWK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Upwork (UPWK) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.21 per share a year ago.

Upwork (UPWK) Q3 Earnings and Revenues Surpass Estimates

Achieves 10% year-over-year revenue growth, record GAAP net income of $27.8 million and adjusted EBITDA of $43.2 million Third-quarter GAAP diluted EPS of $0.20 Raises FY 2024 guidance for revenue and adjusted EBITDA Enters definitive agreement to acquire Objective to enhance core search and match offerings and strengthen AI talent bench Announces new $100 million share repurchase progra m authorization

Upwork Reports Third Quarter 2024 Financial Results

The world's largest digital freelance platform, Upwork Inc. NASDAQ: UPWK, took proactive measures ahead of its upcoming third quarter of 2024 earnings release due out Nov. 6, 2024. The company preannounced upside Q3 guidance along with organizational changes in its efforts to drive profits.

Upwork Fortifies Profitability Plan With Raised Q3 Forecasts

Upwork might soon be a slimmer, more effective, and profitable company.

Why Upwork Stock Was Racing Higher This Week

Fiverr

Upwork and Fiverr have seen steep declines due to concerns over slowing revenue growth, partly driven by AI replacing some freelancing services. While AI has reduced demand for simple tasks like logo design, it has boosted freelancer productivity and created new service opportunities. Both platforms are attractively priced, but Fiverr stands out with better engagement metrics, higher gross margins, and strong app ratings.

Upwork Vs. Fiverr: AI Fears Likely Overblown, Fiverr Looks More Attractive

Upwork (UPWK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Upwork (UPWK) Soars 26.7%: Is Further Upside Left in the Stock?

Upwork just published preliminary Q3 results and major restructuring news -- and Wall Street is feeling very bullish about the update.

Why Upwork Stock Is Skyrocketing Today

Approximately $60 million in annual cost savings advances Upwork toward 5-year profitability target Company expects to exceed revenue and adjusted EBITDA guidance for third quarter 2024 results SAN FRANCISCO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK) (“Upwork” or the “Company”), the world's work marketplace that connects businesses with independent talent across the globe, today announced a more streamlined organizational structure and operational changes to continue the Company's profitable trajectory, increase efficiency, and accelerate innovation for its customers. “We are making ourselves a more streamlined and efficient organization, continuing our successful focus on durable, profitable growth and delivering value for our customers and shareholders,” said Hayden Brown, president and CEO, Upwork.

Upwork Announces Organizational Changes to Drive Continued Profitable Growth and Provides Preliminary Third Quarter 2024 Results Above Financial Guidance

Today, we take a look at Upwork, Inc. after Engine Capital recently initiated a 3.5% stake in the firm amid criticism of management's strategic direction. Despite macroeconomic challenges and AI concerns, Upwork's simplified fee structure and cost-cutting measures improved take rates and profitability in FY23. Upwork's strong cash flow and low valuation multiples highlight its potential for long-term growth, despite AI fears and competitive pressures.

Upwork: A Small Bet Activist Pressure Will Succeed

NEW YORK--(BUSINESS WIRE)--General Assembly and Upwork will bring together General Assembly alumni and businesses looking for skilled tech talent.

General Assembly and Upwork Partner to Connect Skilled Tech Talent to Growing Freelance Opportunities

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.

Upwork to Report Third Quarter Financial Results on November 6, 2024

Upwork, the leading freelancing platform with a 31-32% market share, benefits from two-sided network effects, attracting both freelancers and employers. Despite a challenging environment, Upwork maintains strong financials, expects 7.5% revenue growth this year and increasing profitability next years due to operational leverage. Fair Value derived through a DCF model is $13.37 with WACC = 10.5% and perpetuity growth of 3%, pointing to 28% upside from the current price.

Upwork: Good Value And How We Can Further Add Extra Income

Data shows organizations refining operating models are driving innovation while seeing reduced expenses, positive cash flow, and stronger balance sheets

Upwork Study Finds Companies That Integrate Distributed Work, Flexible Talent Strategies, and Advanced Technology Achieve Better Financial Outcomes

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:

Upwork Confirms Receipt and Comments on Shareholder Letter

Activist investor Engine Capital has acquired a 3.5% stake in Upwork Inc. (NASDAQ: UPWK) and is advocating for significant changes in the freelance marketplace. Engine Capital's push comes in response to Upwork's underperformance compared to its competitor, Fiverr International Ltd.

News for Upwork Inc Stock (UPWK)