Upwork Stock Price, News & Analysis

Upwork Inc. (Nasdaq: UPWK), the leading online talent solution by gross services volume, announced participation in two virtual investor conferences. President Hayden Brown and CFO Jeff McCombs will engage in webcast fireside chats at the Citi's 2020 Global Technology Virtual Conference on September 9, 2020, and the Jefferies Software Virtual Conference on September 14, 2020. Audiocasts will be accessible on Upwork's Investor Relations website, with archives available for 90 days following each event. The company aims to disclose key information affecting its business and financial performance during these discussions.

Upwork Inc. (Nasdaq: UPWK), the largest online talent solution by gross services volume, announced participation in upcoming virtual investor conferences. President and CEO Hayden Brown and CFO Jeff McCombs will take part in:

• Citi's 2020 Global Technology Virtual Conference on September 9, 2020, at 3:05 p.m. PT/6:05 p.m. ET
• Jefferies Software Virtual Conference on September 14, 2020, at 10:00 a.m. PT/1:00 p.m. ET

Audiocasts will be available on Upwork’s Investor Relations website. Material business developments may be disclosed during these events.

Upwork Inc. (Nasdaq: UPWK), the leading online talent solution provider, announced that CEO Hayden Brown will participate in a fireside chat at the Canaccord Genuity Global Growth Conference on August 12, 2020, at 11:00 a.m. ET. An audiocast of the chat will be available on Upwork's Investor Relations website, along with an archive post-event.

Upwork connects businesses with skilled professionals across various categories, with over 30% of Fortune 500 companies among its clients. The company's mission focuses on creating economic opportunities for a better life.

Upwork reported a strong second quarter for 2020, with revenue growing 19% year-over-year to $87.5 million, surpassing guidance. Marketplace revenue also rose by 19% to $78.5 million, while the marketplace take rate improved from 12.9% to 13.7%. However, the company faced a net loss of $11.0 million ($0.09 per share), widening from a loss of $2.5 million a year prior. Guidance for Q3 revenue is projected between $89 million and $91 million. Additionally, Jeff McCombs was appointed as the new CFO.

Upwork Inc. (Nasdaq: UPWK) has appointed Jeff McCombs as the new Chief Financial Officer, effective August 4, 2020, succeeding Brian Kinion, who will serve as an advisor until October 2020. McCombs has extensive experience, previously working as CFO for Doctor On Demand and OpenTable, and as Head of Global Business Operations at Facebook. His expertise is expected to enhance Upwork's financial and operational capabilities during a pivotal period for the company. The announcement comes alongside Upwork's second quarter 2020 financial results, which will be discussed in a conference call today.

Upwork Inc. (Nasdaq: UPWK) will release its second quarter 2020 financial results on August 4, 2020, after market close. A conference call will follow at 2:00 p.m. Pacific Time to discuss these results. The call will be accessible via a live webcast on Upwork's Investor Relations website, with an audio replay available for one week thereafter. Upwork is the leading online talent solution, serving more than 30% of the Fortune 500, including clients like Airbnb and Microsoft, and aims to create economic opportunities for independent professionals worldwide.

Upwork (Nasdaq: UPWK), the leading online talent solution, announced that President and CEO Hayden Brown and CFO Brian Kinion will participate in a fireside chat at the Stifel 2020 Virtual Cross Sector Insight Conference on June 8, 2020, at 2:40 p.m. ET. An audiocast will be available on Upwork's Investor Relations website, with an archive accessible for a year after the event. This engagement may reveal material developments affecting Upwork's business and financial performance.

Upwork Inc. (Nasdaq: UPWK) will participate in a fireside chat at the 15th Annual Virtual Needham Technology and Media Conference on May 19, 2020, at 1:00 p.m. ET. President and CEO Hayden Brown and CFO Brian Kinion will represent the company. The event can be accessed via an audiocast on Upwork’s Investor Relations website, with an archive available for one year post-event. Upwork is the largest online talent solution, connecting businesses with skilled professionals across 180 countries. The company aims to empower flexible work opportunities globally.

Upwork Inc. (Nasdaq: UPWK) reported first quarter 2020 results with revenue increasing by 21% year-over-year to $83.2 million and marketplace revenue rising 24% to $74.8 million. The company achieved a gross margin of 72%, up three percentage points from the previous year. However, Upwork recorded a net loss of $10 million, compared to a net loss of $5.2 million in Q1 2019. Due to uncertainties from the COVID-19 pandemic, the company withdrew its full-year revenue guidance but expects second-quarter revenue between $79 million and $81 million.