Upwork Stock Price, News & Analysis

Upwork (NASDAQ:UPWK) reported strong Q2 2025 financial results with record revenue of $194.9 million, representing a 1% year-over-year growth. The company achieved net income of $32.7 million, up 47% year-over-year, and adjusted EBITDA of $57.1 million with a 29.3% margin.

The company announced two strategic acquisitions: Bubty and Ascen, enhancing its enterprise offerings for contingent workforce solutions. AI-related work on the platform showed strong growth, with GSV from AI work accelerating to 30% year-over-year. The platform maintains 796,000 active clients with GSV per active client increasing 5% to $5,002.

Based on strong performance, Upwork raised its FY2025 guidance, projecting revenue of $765-775 million and adjusted EBITDA of $206-214 million. The company's AI features, including Uma™, showed increased adoption with a 24% quarter-over-quarter growth.

Upwork (NASDAQ:UPWK) reported strong Q2 2025 financial results, achieving record revenue of $194.9 million, up 1% year-over-year. The company posted net income of $32.7 million, up 47% YoY, and adjusted EBITDA of $57.1 million, representing a 29.3% margin.

The company announced two strategic acquisitions: Bubty and Ascen, enhancing its enterprise offerings for contingent workforce solutions. AI-related work on the platform showed strong growth, with GSV from AI work accelerating to 30% YoY. The company's AI assistant, Uma™, saw 24% quarter-over-quarter adoption increase.

Based on strong performance, Upwork raised its FY2025 guidance to revenue of $765-775 million and adjusted EBITDA of $206-214 million. The company maintains 796,000 active clients with GSV per active client increasing 5% YoY to $5,002.

Upwork (NASDAQ:UPWK) has announced major enhancements to its AI-powered work marketplace platform in its Summer 2025 release, featuring over 75 new innovations. The centerpiece is the evolution of Uma, Upwork's Mindful AI, into a more capable work agent that now powers the majority of new client job posts and has increased successful matches for high-value projects by 8%.

Key features include instant AI-powered interviews, integrated video meetings with AI-generated summaries, context-aware search suggestions, and an improved job posting experience. The company has also enhanced its premium plans: Business Plus now includes direct contracts management, while Freelancer Plus offers real-time proposal insights and customizable job alerts.

Upwork (NASDAQ:UPWK), the world's largest work marketplace connecting businesses with independent talent globally, has scheduled its Q2 2025 earnings release for August 6, 2025, after market close.

The company will host a Q&A conference call at 2:00 PM PT (5:00 PM ET) on the same day. Investors can access the live webcast through Upwork's Investor Relations website. The audio replay will be available for one week, while the webcast recording will be archived on the website for approximately one year.

Upwork (NASDAQ:UPWK) has released a comprehensive study revealing crucial insights into AI-human workplace dynamics. The research shows workers using AI report a 40% productivity boost, but with significant drawbacks. Among high-performing AI users, 88% report burnout and are twice as likely to consider quitting their jobs.

The study, based on 2,500 global workers, reveals that monthly searches for AI-skilled talent on Upwork have surged 300% in the past six months. Notably, freelancers are showing more positive AI adaptation than full-time employees, with 90% reporting accelerated skill acquisition through AI. However, concerning trends show that over two-thirds of high-performing AI users trust AI more than their coworkers, signaling a shift in workplace dynamics.

Upwork (Nasdaq: UPWK), the world's work marketplace, has announced the formation of its Economic Advisory Council, bringing together distinguished academics from institutions including MIT, Stanford, and Georgetown to guide the company's AI strategy and workforce evolution.

The council will leverage Upwork's unique position as a labor marketplace that processed $4 billion in gross services volume (GSV) in 2024 to study AI's impact on work. Led by CEO Hayden Brown, the initiative includes renowned experts such as Dr. Nicholas Bloom from Stanford, Dr. John Horton from MIT, and Dr. Sendhil Mullainathan from MIT, among others.

The council's key objectives include developing frameworks for measuring AI-enabled work productivity, guiding ethical AI marketplace evolution, identifying labor market shifts, analyzing talent supply trends, and producing research and thought leadership. This initiative reinforces Upwork's commitment to responsible AI innovation in the evolving workforce landscape.

Upwork (NASDAQ: UPWK) has announced significant changes to its Board of Directors, adding two new members to support its strategic growth initiatives. Dana L. Evan, former CFO of VeriSign and current board member at Box and Nextdoor, and Glenn Kelman, CEO of Redfin, have joined the board following the company's Annual Meeting on June 5, 2025. These appointments coincide with the departure of longtime board members Gregory C. Gretsch and Elizabeth Nelson. Evan will serve as Chair of the Audit, Risk and Compliance Committee and join both the Compensation and Nominating and Governance Committees. Kelman, bringing extensive experience in technology-powered marketplace businesses, will serve on the Compensation Committee. The board refreshment aligns with Upwork's strategic focus on becoming the leading destination for AI talent and work, expanding enterprise offerings, and delivering enhanced work outcomes for customers.

Upwork (NASDAQ: UPWK) reported strong Q1 2025 financial results with revenue of $192.7 million, up 1% year-over-year. The company achieved record profitability with net income of $37.7 million, more than double compared to Q1 2024, and adjusted EBITDA of $56.0 million with a 29% margin. Key metrics include 812,000 active clients and GSV per active client of $4,912, showing 3% year-over-year growth. The company's AI initiatives showed significant traction, with Uma™ usage increasing 52% QoQ and AI-related work GSV growing 25% YoY. Upwork Business Plus saw active clients increase over 100% QoQ. The company reiterated its FY2025 revenue guidance of $740-760 million and raised adjusted EBITDA guidance to $190-200 million.

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.