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. (Nasdaq: UPWK) is frequently in the news as the company behind what it calls the world’s human and AI-powered work marketplace. News coverage of Upwork often centers on how businesses use its platform to hire independent professionals, how AI is reshaping digital knowledge work, and how the company’s own products and strategy are evolving.
A major theme in Upwork’s news flow is the Upwork Monthly Hiring Report, produced with the Upwork Research Institute. These releases draw on more than 1 million job posts in the U.S. on the Upwork Marketplace annually and a monthly business pulse survey. They highlight which skills and roles are gaining or losing momentum, such as project management, accounting and bookkeeping, virtual admin assistance, quality assurance testing, interpreters, creatives, customer service and tech support, data mining and management, AI and machine learning, and marketing and e-commerce categories.
Upwork news also covers the growth of AI-related work on the platform and the company’s AI strategy, including Uma™, Upwork’s Mindful AI, and AI agents that support hiring and project workflows. Releases describe how AI categories of work contribute to gross services volume and how human-in-the-loop collaboration can increase project completion rates compared to AI agents working alone.
Investors and analysts follow Upwork’s earnings announcements, financial outlook, and Investor Day presentations, which provide updates on gross services volume, marketplace and enterprise revenue, adjusted EBITDA, and long-term growth targets. Additional news items address product launches such as Business Plus for SMBs, the introduction of Uma Recruiter, the launch of Lifted for enterprises, and geographic expansion initiatives like the planned operational hub in Lisbon, Portugal.
For users tracking UPWK, the news stream provides insight into hiring trends on the Upwork Marketplace, the evolution of AI-powered work, and the company’s strategic priorities across SMB, enterprise, and global expansion.
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.
Upwork (NASDAQ: UPWK) announced organizational changes and preliminary Q3 2024 results exceeding guidance. The company is implementing cost-saving measures, including a 21% workforce reduction, expected to generate $60 million in annual savings. Preliminary Q3 2024 results show revenue of $194 million, GSV of $998 million, net income of $28 million, and adjusted EBITDA of $43 million, all surpassing original guidance. The company achieved a record-high 22% adjusted EBITDA margin, progressing toward its 5-year target of 35%. The restructuring includes streamlining operations, optimizing R&D spend, and sharpening Enterprise strategy under newly appointed general manager Ernesto Lamaina.
Upwork, the world's largest work marketplace connecting businesses with global independent talent, has announced its plan to report third quarter 2024 financial results 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.
A live webcast of the call will be available on the Upwork Investor Relations website at investors.upwork.com. An audio replay of the conference call will be accessible for one week following the call, and the webcast will be archived on the Investor Relations website for approximately one year.
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