Upwork Stock Price, News & Analysis

Upwork (Nasdaq: UPWK) has released a report highlighting the most sought-after skills for freelancers in 2023 amidst ongoing talent shortages and economic uncertainties. Key skills are in technology, marketing, customer service, accounting, and design categories. The report reveals that 60 million Americans, or 39% of the U.S. workforce, engaged in freelance work over the past year. Skills with the highest demand growth include sales & business development (54%), data entry (47%), and accounting (45%). The findings emphasize the shift towards independent work as businesses increasingly rely on skilled freelancers to fill gaps.

Upwork Inc. (Nasdaq: UPWK) announced it will report its financial results for Q4 and the full year of 2022 on February 15, 2023, after market close. A Q&A conference call will be held at 2:00 PM PT (5:00 PM ET) the same day to discuss the results. Investors can access a live webcast on the Upwork Investor Relations website. The company claims to be the world's largest work marketplace, with a gross services volume surpassing $3.3 billion in 2021. Upwork connects businesses with independent talent across multiple categories, including development, design, support, and consulting.

Upwork Inc. (Nasdaq: UPWK) will have its VP of Investor Relations, Evan Barbosa, present at the 25th Annual Needham Growth Conference on January 11, 2023, at the Lotte New York Palace Hotel. As the world's largest work marketplace, Upwork connects businesses with independent talent, showcasing a gross services volume (GSV) that is unmatched. The company served over 30% of the Fortune 100 in 2021, with its talent community earning over $3.3 billion across more than 10,000 skill categories, including development, creative design, and customer support.

Upwork announces its "Freelance Forward: 2022" report, revealing that 60 million Americans engaged in freelance work, representing 39% of the U.S. workforce. Freelancers contributed $1.35 trillion to the economy, up $50 billion from the previous year. The study indicates a positive shift in the perception of freelancing, with 73% of freelancers noting improved views. Key demographics show that Gen Z and Millennials are leading in freelancing participation, and 17% of U.S. workers are exploring diverse income streams.

Upwork (Nasdaq: UPWK) announced that VP of Investor Relations, Evan Barbosa, will participate in several upcoming investor conferences. The events include the J.P. Morgan Equity Opportunities Forum in Miami on November 14, 2022, the BTIG Technology Innovation Summit virtually on November 15, and the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York on November 16. Upwork is recognized as the world's largest work marketplace, achieving over $3.3 billion in earnings for its talent community across various sectors in 2021.

Upwork Inc. (Nasdaq: UPWK) reported its third-quarter financial results for 2022, showcasing its position as a leading work marketplace. The company, which connects businesses with independent talent, highlighted significant engagement with over 30% of the Fortune 100. In 2021, its talent community earned over $3.3 billion across 10,000 skills. Upwork will discuss these results in a conference call today at 2 p.m. Pacific Time. For detailed financial insights, investors can refer to the Upwork Investor Relations website.

Upwork Inc. (Nasdaq: UPWK) will release its third quarter 2022 financial results on October 26, 2022, after market close. A conference call to discuss these results is scheduled for 2:00 p.m. Pacific Time the same day. A live webcast will be accessible on Upwork's Investor Relations website.

In 2021, Upwork's talent community earned over $3.3 billion across various skills, positioning Upwork as the largest work marketplace globally, measured by gross services volume.

Upwork has launched a new brand campaign titled "This Is How We Work Now," reflecting the shift towards hybrid workforce models that leverage freelance talent. The campaign, which coincides with the findings of Upwork's Future Workforce Report, suggests that 72% of hiring managers are now more comfortable with hiring freelancers, and two-thirds of businesses plan to increase their use of independent professionals. The campaign features a two-minute anthem film and highlights how today's businesses are redefining work.

Upwork (Nasdaq: UPWK) has announced the search for a new Chief Financial Officer as current CFO Jeff McCombs will remain until December 31, 2022, to facilitate the transition. CEO Hayden Brown expressed gratitude for McCombs' contributions, stating that this is the right time for a leadership transition as the company continues to innovate and scale. Upwork reaffirms its Q3 2022 guidance, projecting revenue between $156 million and $158 million, with an adjusted EBITDA loss between $7 million and $9 million. The company plans to share further performance details in its upcoming earnings call.