Upwork Stock Price, News & Analysis

Upwork (Nasdaq: UPWK) announced the suspension of all operations in Russia and Belarus, effective May 1, 2022, due to the ongoing geopolitical crisis. This decision follows a significant revenue impact, with 10% of 2021 revenue linked to the region. Upwork is also withdrawing its first-quarter and full-year 2022 guidance amid increased uncertainties. The company has allocated several million dollars to support team members in the affected areas and expects further unforeseen expenses that will impact financial results.

Upwork (Nasdaq: UPWK), the leading global work marketplace, announced that President and CEO Hayden Brown and CFO Jeff McCombs will participate in a fireside chat at the JMP Securities Technology Conference on March 7, 2022, at 10:30 a.m. PT. The event will be webcast live on Upwork’s Investor Relations site, with an archive available for 90 days post-event. Upwork connects businesses with independent talent, facilitating over $3.3 billion in earnings across 10,000 skills in 2021. The company serves various clients, including over 30% of the Fortune 100.

Upwork Inc. (Nasdaq: UPWK) reported its fourth quarter and full year 2021 financial results, with gross services volume reaching over $3.3 billion. The company continues to be the world's largest work marketplace, connecting businesses with independent talent. A conference call is scheduled for today to discuss these results. Upwork aims to serve a diverse range of clients, from startups to Fortune 100 companies, emphasizing its strong platform and talent community.

Upwork announces the appointment of Patrick Hedren as the new vice president and global head of public policy and government relations. Hedren, previously with the National Association of Manufacturers, will advocate for policies that enhance economic opportunity and adapt to the evolving work landscape. His role is vital as Upwork aims to navigate public policy amidst changing workforce dynamics post-COVID. The company continues to facilitate flexible work arrangements and skill development for professionals and businesses.

Upwork Inc. (Nasdaq: UPWK) will report its financial results for Q4 and the full year 2021 on February 10, 2022, after market close. A Q&A conference call will follow at 2:00 PM PT. Upwork is the largest work marketplace, connecting businesses with independent talent, and saw its talent community earn over $2.3 billion in 2020. The call will be accessible via Upwork's Investor Relations website, with an audio replay available for a week after.

Upwork has partnered with Catch to provide independent professionals in the U.S. with access to healthcare benefits and personal payroll services. This initiative comes as 36% of the U.S. workforce freelanced in 2021, highlighting the need for accessible benefits. Freelancers can shop for health insurance and manage tax payments efficiently, especially with the January 15, 2022 deadline for open enrollment approaching. This partnership aims to empower freelancers by alleviating the complexities associated with securing essential benefits and finances.