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 SAN FRANCISCO, Aug. 07, 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 its financial results for the second quarter of 2024. "We produced strong revenue growth of 15% year-over-year and our highest-ever net income amid a ...

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. The partnership combines Beeline's advanced workforce management solutions with the highl ...

"Our research shows that introducing new technologies into outdated work models and systems is failing to unlock the full expected productivity value of AI," said Kelly Monahan, managing director of The Upwork Research Institute. "While it's certainly possible for AI to simultaneously boost productivity and improve employee well-being, this outcome will require a fundamental shift in how we organize talent and work." For many workers, the path to achieving the productivity gains that employers expect is not ...

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. A live webcast of the call will be available on the ...

Upwork Today Get Fiverr International alerts: Upwork +0.16 (+1.51%) ▼ P/E Ratio 30.72 Add to Watchlist The primary form of revenue generation is by deducting a percentage of the talent's pay. The company usually deducts 10% from the contractor's payment. Two other important points of note: In May 2023, Upwork fired 15% of its employees, mostly in its sales department, and its main competitor is Fiverr NYSE: FVRR. UPWK However, the firm's "take rate" is the most encouraging metric. The firm provides this cus ...

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One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down trend. From a technical perspective, Upwork (UPWK) is looking like an interesting pick, as it just reached a key level of support. UPWK recently overtook the 50-day moving average, and this suggests a short-term bullish t ...

SAN FRANCISCO, May 14, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today released new research from The Upwork Research Institute revealing the ongoing growth of freelancing among Gen Z professionals along with their shifting priorities, expectations, and motivations for work. A staggering 38% of the U.S. workforce, or 64 million Americans, performed freelance work in 2023. More than half (52%) of all Gen Z professionals ...

SAN FRANCISCO, May 09, 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 Needham Technology, Media & Consumer Conference at The Westin Grand Central Hotel in New York City on Tuesday, May 14, 2024 at 9:45 a.m. PT/12:45 p.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations sect ...

Key PointsUpwork’s Artificial Intelligence and Machine Learning segment saw 50% YoY gross service volume in Q1 2024.Upwork unveiled its AI bot Uma, the Mindful AI, which can more effectively match up businesses with top-qualified freelancers.Upwork beat Q1 2024 EPS by 4 cents as revenues rose 19% YoY and raised full-year 2024 guidance.5 stocks we like better than UpworkUpwork Inc. NASDAQ: UPWK is the largest online freelancer platform in the world, with over 870,000 active clients. The computer and technolo ...