Welcome to our dedicated page for Upwork news (Ticker: UPWK), a resource for investors and traders seeking the latest updates and insights on Upwork stock.
Upwork Inc. (UPWK) operates the world's largest work marketplace connecting businesses with independent professionals. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find curated press releases covering earnings reports, platform innovations, leadership changes, and partnership agreements. All content is sourced directly from Upwork's corporate communications to ensure accuracy and timeliness.
The repository organizes news by key operational areas including AI-driven platform enhancements, global expansion initiatives, and enterprise client acquisitions. Regular updates provide insights into Upwork's evolving role in shaping remote work ecosystems worldwide.
Bookmark this page for streamlined access to essential updates about Upwork's market position, technological advancements, and competitive strategies within the freelance solutions sector.
Upwork (NASDAQ: UPWK) has released its inaugural Future Workforce Index, revealing that 28% of U.S. knowledge workers now work independently, generating $1.5 trillion in earnings in 2024. The study shows freelancers are outperforming traditional employees in several key areas:
- Median income of $85,000 for full-time freelancers vs $80,000 for traditional employees
- 54% of freelancers report advanced AI proficiency vs 38% of full-time employees
- AI-related work on Upwork grew 60% year-over-year in 2024
The platform now hosts over 12,000 AI specialists in the U.S. The study also found that high-growth companies are more likely to utilize freelancers (45%), managed services (50%), and human+AI collaboration (41%). Notably, 37% of freelancers hold postgraduate degrees compared to 20% of full-time employees, indicating a trend toward more sophisticated independent careers.
Upwork (Nasdaq: UPWK), the world's largest work marketplace connecting businesses with independent talent globally, has scheduled its first quarter 2025 financial results announcement for May 5, 2025, after market close.
The company will host a Q&A conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. Investors can access the live webcast through the Upwork Investor Relations website. An audio replay will be available for one week, with the webcast archived on the investor relations site for approximately one year.
Upwork (NASDAQ: UPWK) has been named one of Fast Company's Most Innovative Companies of 2025 in the Human Resources category, recognizing its AI-driven approach to work solutions. The company's flagship innovation, Uma™, Upwork's Mindful AI, serves as an intelligent work companion that streamlines hiring, project management, and delivery processes.
Key achievements include:
- 70% of new clients using AI-powered Job Post Generator
- 8% higher fill rate for high-value jobs since Uma's introduction
- 60% year-over-year increase in AI-related work GSV in 2024
- 42% increase in clients engaging with AI projects
- Freelancers in AI-related projects earning 44% more per hour than non-AI projects
The platform offers businesses accelerated hiring, smarter talent matching, and enhanced candidate evaluation across 250+ AI skills. For freelancers, Uma provides increased productivity tools, AI-assisted proposal writing, and higher earning potential. Upwork has facilitated over $20 billion in economic opportunity across more than 180 countries.
Upwork (Nasdaq: UPWK), the world's largest work marketplace connecting businesses with global independent talent, has announced its participation in The Citizens JMP Technology Conference. President and CEO Hayden Brown and CFO Erica Gessert will engage in a fireside chat on March 3, 2025 at 12:00 p.m. PT/3:00 p.m. ET in San Francisco.
The event will be accessible via live webcast through Upwork's Investor Relations website at investors.upwork.com, with a replay available for approximately 90 days afterward. The company may disclose material developments affecting its business and financial performance during these events.
Upwork (NASDAQ: UPWK) reported strong financial results for Q4 and full year 2024. The company achieved record revenue of $191.5M in Q4 and $769.3M for the full year, representing 4% and 12% year-over-year growth respectively.
Q4 highlights include GAAP net income of $147.2M and adjusted EBITDA of $50.2M with a 26% margin - the highest ever. The company maintained 832,000 active clients and increased GSV per active client to $4,815.
Notable operational achievements include 60% year-over-year growth in AI-related work GSV, and strong performance in ads & monetization with 51% revenue growth. For 2025, Upwork guides revenue between $740M-$760M and adjusted EBITDA of $180M-$190M.
Upwork (Nasdaq: UPWK), the world's largest work marketplace connecting businesses with independent talent, has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025, after market close.
The company will host a Q&A conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast will be available on the Upwork Investor Relations website, with an audio replay accessible for one week following the call. The webcast recording will remain archived on the investor relations website for approximately one year.
Upwork (UPWK) has released its 2025 In-Demand Skills report, revealing significant trends in the freelance marketplace. The report highlights a 220% year-over-year growth in specialized AI skills, particularly in generative AI modeling and AI data annotation, with these roles commanding up to 22% higher hourly rates than traditional AI positions.
The findings show a dual trend: while technical AI expertise is booming, human-centric roles like career coaching have seen a 74% increase in demand. Nearly half of businesses (49%) are using freelancers to fill skill gaps, with 48% of CEOs planning to increase freelance hiring. Notably, 74% of executives now consider degrees irrelevant when hiring freelancers, focusing instead on proven expertise.
The report categorizes top skills across various sectors, including Accounting & Consulting, Coding & Web Development, Data Science & Analytics, and Sales & Marketing, reflecting the evolving demands of digital transformation and global workplace changes.
Upwork (Nasdaq: UPWK), the world's largest work marketplace connecting businesses with global independent talent, has announced its participation in the 27th Annual Needham Growth Conference in New York. President and CEO Hayden Brown and CFO Erica Gessert will engage in a fireside chat on January 15, 2025 at 8:45 a.m. PT/11:45 a.m. ET.
The event will be accessible through a live webcast in the Events and Presentations section of Upwork's Investor Relations website. The webcast recording will remain available for approximately 90 days after the event. The company may disclose material developments affecting its business and financial performance during these events.
Upwork (Nasdaq: UPWK) announced that CFO Erica Gessert will participate in a fireside chat at the UBS Global Technology and AI Conference in Scottsdale, AZ on December 3, 2024, at 10:35 a.m. PT. The event will be accessible via live webcast through Upwork's Investor Relations website, with the recording available for approximately 90 days afterward. The company may disclose material developments affecting its business and financial performance during the event.
Upwork (UPWK) reported strong Q3 2024 financial results with 10% year-over-year revenue growth to $193.8 million. The company achieved record GAAP net income of $27.8 million, up 70% from Q3 2023, and adjusted EBITDA of $43.2 million, up 38% year-over-year. Active clients grew 2% to 855,000. The company announced plans to acquire Objective AI to enhance its search capabilities and AI offerings, along with a new $100 million share repurchase program. AI-related developments showed significant growth, with GSV from AI-related work up 36% year-over-year and AI project clients increasing 30%. Upwork raised its FY 2024 guidance for revenue and adjusted EBITDA.
