Upwork Stock Price, News & Analysis

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.

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.