Upwork Stock Price, News & Analysis

Upwork Inc. (Nasdaq: UPWK) will have President and CEO Hayden Brown, and CFO Jeff McCombs, join a fireside chat at the 2021 RBC Capital Markets Global Technology, Internet, Media, and Telecom Virtual Conference on November 17, 2021, at 11:40 a.m. PT/2:40 p.m. ET. The event aims to discuss significant developments affecting the company’s business and financial performance. A webcast will be available on Upwork’s Investor Relations website, with an archive accessible for 90 days after the event.

Upwork Inc. (Nasdaq: UPWK), the leading work marketplace, reported its third-quarter 2021 financial results. The company highlighted substantial engagement with independent talent, connecting businesses to over 10,000 skills. Notably, Upwork's talent community earned more than $2.3 billion in 2020, showcasing significant market penetration. A conference call discussing these results was scheduled for today at 2 p.m. PT. For detailed insights, the Shareholder Letter is available on their Investor Relations website.

Upwork (NASDAQ: UPWK) has launched the Virtual Talent Bench, enhancing client relationship management by allowing users to discover, organize, and rehire trusted independent talent. This new feature aims to foster lasting work relationships, with about 25% of active clients utilizing it since its introduction. The enhanced Discover page helps clients connect with freelance professionals tailored to their project needs. The updates support efficient team organization, making it easier for clients to manage talent for ongoing projects.

Upwork Inc. (Nasdaq: UPWK) announced the upcoming release of its financial results for Q3 2021, scheduled for October 27, 2021, after market close. A Q&A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) on the same day, allowing stakeholders to discuss the results. Investors can access a live webcast on Upwork's Investor Relations website, which will also offer an audio replay for one week post-call. Upwork is recognized as the largest work marketplace connecting businesses with independent talent, reporting over $2.3 billion earned by freelancers in 2020.

Upwork (NASDAQ: UPWK) has released its "Future Workforce Pulse Report," indicating a significant shift towards remote freelancing due to the pandemic. Key findings from over 1,000 U.S. hiring managers include:

• 27.7% of Americans expected to work fully remote within five years.
• 67% of businesses observed substantial changes in management practices.
• 53% reported increased willingness to hire freelancers.
• 71% of hiring managers plan to maintain or increase freelancer usage in the next six months.
• 80% noted a rise in demand for tech freelancers since COVID.

Upwork Inc. (Nasdaq: UPWK) announced a brand partnership with Budweiser, showcasing designs from Deuce Studio for limited-edition Labor Day cans. This collaboration marks the launch of the Upwork CoLab program, connecting freelancers with brands for innovative projects. The partnership also includes the 'Raise a Bud' campaign, highlighting American workers. Participants can nominate hard workers by posting on social media, with winners receiving personalized cans and a monetary reward. Upwork aims to leverage creative talent to enhance brand experiences.

Upwork Inc. (Nasdaq: UPWK) announced that President and CEO Hayden Brown, along with CFO Jeff McCombs, will participate in the Citi 2021 Global Technology Virtual Conference on September 14, 2021, and the Jefferies Virtual Software Conference on September 15, 2021. The events will feature fireside chats and will be webcasted on Upwork's Investor Relations website. A recording of the events will be available for about 90 days post-conference. Upwork connects businesses with independent talent, having facilitated over $2.3 billion in earnings for freelancers in 2020.

Upwork (NASDAQ: UPWK) has appointed Saty Bahadur as its new Chief Technology Officer. Bahadur, who previously worked at Amazon, brings extensive experience in technology leadership, having managed fraud prevention and the Alexa AI group. His past roles include significant positions at Microsoft and Intel. Upwork's President and CEO, Hayden Brown, emphasized Bahadur's technical expertise will enhance the company's ability to seize market opportunities. Bahadur expressed enthusiasm about leading Upwork’s engineering team and focusing on scalable solutions to empower businesses and independent talent.