Revenue segments as reported by the company.

Marketplace

Managed Services

Enterprise

Revenue Segments

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

Gross Margin

Operating Margin

Profit Margin

Margins

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

Provision for transaction losses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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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Cost of revenue

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SG&A

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EBITDA

Net income

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Cash from financing

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Net change in cash

Free cash flow

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.

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.

Activist investor Engine Capital pushes for board shakeup at Upwork amid declining stock performance

NEW YORK--(BUSINESS WIRE)--Engine Capital LP, which owns approximately 3.5% of the outstanding shares of Upwork Inc. (Nasdaq: UPWK) (“Upwork” or the “Company”), today announced it sent the below letter to the Company's Board of Directors regarding actionable opportunities for enhancing shareholder value. *** September 13, 2024 Upwork Inc. 475 Brannan St., Suite 430 San Francisco, CA 94107 Attention: The Board of Directors (the “Board”) Members of the Board: Engine Capital LP (together with its.

Engine Capital Sends Letter to Upwork's Board of Directors Regarding Opportunities to Substantially Increase Shareholder Value

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.

Activist investor Engine Capital pushes for new board at Upwork after taking 4% stake

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.

Upwork to Present at Goldman Sachs Communacopia + Technology Conference

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

1 Ridiculously Undervalued Growth Stock Down 85% to Buy Hand Over Fist Right Now in August (2024)

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: The Selloff Is Overdone

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Upwork Inc. (NASDAQ:UPWK ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Jacob McQuown - Vice President and Chief Deputy General Counsel Hayden Brown - President and Chief Executive Officer Erica Gessert - Chief Financial Officer Conference Call Participants Andrew Boone - JMP Securities Bernie McTernan - Needham & Company Maria Ripps - Canaccord Genuity Josh Chan - UBS Matt Farrell - Piper Sandler Marvin Fong - BTIG John Byun - Jefferies Operator Good day and thank you for standing by. Welcome to the Upwork Second Quarter Earnings Conference Call.

Upwork Inc. (UPWK) Q2 2024 Earnings Call Transcript

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.

Upwork (UPWK) Surpasses Q2 Earnings Estimates

Second-quarter GAAP Net Income of $22.2 million, Upwork's highest ever Second-quarter GAAP Diluted EPS of $0.17 Second-quarter Adjusted EBITDA of $40.8 million

Upwork Reports Second Quarter 2024 Financial Results

Besides Wall Street's top -and-bottom-line estimates for Upwork (UPWK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

Unlocking Q2 Potential of Upwork (UPWK): Exploring Wall Street Estimates for Key Metrics

JACKSONVILLE, Fla. and SAN FRANCISCO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Beeline , the leading technology solution provider for managing the extended workforce, and  Upwork Inc. (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent across the globe, today announced a strategic partnership designed to enhance hiring efficiency and centralize enterprises' contingent workforce programs.

Beeline and Upwork Announce Strategic Partnership to Deliver Enhanced Hiring Efficiency and Centralized Workforce Management

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Regardless of the negative news swirling about the market right now, some sleeper stocks continue to rally and reach new highs. But while it's easy to chase momentum, that approach has a few risks.

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As the shift to remote work accelerates, Upwork, the leading platform connecting businesses with remote freelancers, is well-positioned to capitalize. The company is quietly building a moat by locking in enterprise clients, a strategic move that the market isn't fully appreciating. Despite the strength of its platform, the stock trades at only 10x EBITDA due to cyclical concerns and inflated fears that artificial intelligence will eliminate the need for remote freelancers.

Upwork: Stock Can Potentially Soar, As AI Fears Dissipate

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SAN FRANCISCO, July 16, 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 second quarter of 2024 on Wednesday, August 7, 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 Second Quarter Financial Results on August 7, 2024

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Upwork NASDAQ: UPWK is a technology firm that operates as an online marketplace, connecting freelance workers and independent contractors with employers. In 2024, the stock price is down 29% due to fears that AI will eliminate many freelance jobs.

News for Upwork Inc Stock (UPWK)