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. reports developments for a human and AI-powered work marketplace that connects businesses with global independent talent across freelance, agency, fractional and payrolled work. Recurring company updates cover the Upwork Marketplace, Lifted enterprise contingent-work management, Uma™ AI work agent features, SMB offerings such as Business Plus, and integrations that move customers from project scoping to hiring and contracting.
Upwork news also covers financial results, gross services volume, active-client trends, adjusted EBITDA outlook, enterprise pipeline activity, platform trust and integrity partnerships, and capital actions such as common-stock repurchase authorizations.
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.