Upwork NASDAQ: UPWK is a technology firm that operates as an online marketplace, connecting freelance workers and independent contractors with employers. In 2024, the stock price is down 29% due to fears that AI will eliminate many freelance jobs. Now, most analysts covering the stock have a buy rating on it. Let's look at Upwork's business lines and recent financial results. We'll also explore fears about AI hurting the freelance work model and give an outlook on the firm. Get Fiverr International alerts: ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fiverr International. The Motley Fool recommends Upwork. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

From a technical perspective, Upwork (UPWK) is looking like an interesting pick, as it just reached a key level of support. UPWK recently overtook the 50-day moving average, and this suggests a short-term bullish trend. One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down t ...

SAN FRANCISCO, May 14, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today released new research from The Upwork Research Institute revealing the ongoing growth of freelancing among Gen Z professionals along with their shifting priorities, expectations, and motivations for work. A staggering 38% of the U.S. workforce, or 64 million Americans, performed freelance work in 2023. More than half (52%) of all Gen Z professionals ...

SAN FRANCISCO, May 09, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, today announced that CFO Erica Gessert will participate in a fireside chat at the Needham Technology, Media & Consumer Conference at The Westin Grand Central Hotel in New York City on Tuesday, May 14, 2024 at 9:45 a.m. PT/12:45 p.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations sect ...

Key Points Upwork’s Artificial Intelligence and Machine Learning segment saw 50% YoY gross service volume in Q1 2024. Upwork unveiled its AI bot Uma, the Mindful AI, which can more effectively match up businesses with top-qualified freelancers. Upwork beat Q1 2024 EPS by 4 cents as revenues rose 19% YoY and raised full-year 2024 guidance. 5 stocks we like better than Upwork Upwork Inc. NASDAQ: UPWK is the largest online freelancer pla ...

Shares of Upwork (UPWK) have gained 6.3% over the past four weeks to close the last trading session at $12.63, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $18.36 indicates a potential upside of 45.4%. The average comprises 11 short-term price targets ranging from a low of $15 to a high of $22, with a standard deviation of $2.16. While the lowest estimate indicates an increas ...

业绩总结 - Q1'24公司营收达到10亿美元，同比增长1%[7] - Q1'24公司GAAP毛利率为77%，同比增长200个基点[7] - Q1'24公司调整后EBITDA为3,330万美元，调整后自由现金流为1,550万美元，调整后EBITDA利润率为17%[7] - 公司自由现金流为2024年3月底的2,991千美元，较2023年3月底的-11,562千美元有显著改善[29] - 公司调整后的自由现金流为2024年3月底的15,516千美元，较2023年3月底的-11,562千美元有显著增长[29] 用户数据 - Q1'24公司AI和机器学习类别GSV同比增长50%[8] - Q1'24公司Freelancer Plus订阅用户超过10万，Boosted Profiles和Boosted Proposals功能帮助自由职业者提升收入[15] 未来展望 - Q1'24公司推出Uma，基于行业领先的LLMs定制的AI，用于提升平台功能[9] - Q1'24公司推出Upwork辅导服务，提供个性化策略咨询，帮助自由职业者增加收入[10] 新产品和新技术研发 - Q1'24公司推出Uma，基于行业领先的LLMs定制的AI，用于提升平台功能[9] - Q1'24公司推出Upwork辅导服务，提供个性化策略咨询，帮助自由职业者增加收入[10] 市场扩张和并购 - Q1'24公司与28家新企业合作伙伴签约，包括Ansys、Unisys和WPP等[14] 负面信息 - 公司现金及现金等价物从2023年12月底的79,641千美元下降至2024年3月底的24,667千美元[23] - 股东权益从2023年12月底的381,075千美元下降至2024年3月底的348,876千美元[24]

财务数据和关键指标变化 - 第一季度收入为1.909亿美元,同比增长19% [8] - 毛利率持续提升,非GAAP毛利率达到77.1%,同比增长近200个基点 [35] - 非GAAP营业开支占收入的61%,较上年同期的78%大幅下降 [36] - 调整后EBITDA为3,330万美元,利润率达17.4% [39] - 调整后每股收益为0.13美元 [39] - 现金及现金等价物约为4.906亿美元 [41] 各条业务线数据和关键指标变化 - 市场业务收入为1.643亿美元,同比增长20% [32] - 企业业务收入为2,660万美元,同比增长10% [32] - 企业解决方案收入为1,170万美元,同比增长3% [32] - 托管服务收入为1,490万美元,同比增长17% [32] - 活跃客户达87.2万,同比增长5%,为两年来最高增速 [33] 各个市场数据和关键指标变化 - 总交易额(GSV)同比增长约1%,剔除价格调整影响后增长约3% [34] - 平台佣金率维持在17.7%,仍为行业较低水平 [35] 公司战略和发展方向及行业竞争 - 公司持续加大创新投入,推出基于大语言模型的Uma AI助手,提升客户体验 [21-23][25] - 加强与第三方SaaS生态系统的合作,通过Upwork Partner Experts Program获取更多客户 [15-16] - 企业业务持续增长,新增28家企业客户,并拓展了VMS和MSP合作伙伴 [17-18] - 公司致力于提升运营效率和盈利能力,未来5年内将调整EBITDA率达到35% [30-31][48] 管理层对经营环境和未来前景的评论 - 尽管宏观环境仍有动荡,但公司业务保持稳定,有信心在任何环境下实现收入和利润的持续增长 [30][47-48] - 公司将持续加大创新投入,通过产品升级和生态合作不断提升客户价值,推动GSV增长 [11][19-20][26-27] - 看好公司广告和会员订阅等新兴收入渠道的发展前景,未来有望大幅提升公司整体利润率 [12][31][48] 问答环节重要的提问和回答 问题1 **Matt Condon 提问** 询问公司客户群体的表现情况,以及Freelancer Plus会员订阅的发展潜力 [52-53] **Erica Gessert 回答** - 公司每年在10-K中披露客户群体的年度数据,最新数据显示新客户群体的消费趋于稳定 [54-55] - Freelancer Plus会员订阅是公司广告和会员业务的重点发展方向,未来有望持续扩大规模和贡献 [54-55] 问题2 **Matt Bottomley 提问** 询问公司全年收入指引提升的原因,以及对GSV增长的预期 [58-60] **Erica Gessert 和Hayden Brown 回答** - 收入指引提升主要得益于广告及会员业务的强劲表现,以及企业业务的持续增长 [59-60] - 公司看好GSV增长前景,将通过产品创新、销售渠道拓展等多措并举推动GSV加速增长 [60-61] 问题3 **Eric Sheridan 提问** 询问公司对GSV增长的看法,以及在成本管控和投资方面的计划 [65-66] **Erica Gessert 回答** - 公司看好GSV增长前景,将通过提升客户体验、拓展合作伙伴等方式推动GSV持续增长 [66] - 公司将持续优化成本结构,提升运营效率,同时保持对创新的投入,实现收入增长与利润率提升并重的目标 [66-67]

Upwork (UPWK) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 15.79%. A quarter ago, it was expected that this online freelance marketplace operator would post earnings of $0.17 per share when it actually produced earnings of $0.20, delivering a surprise of 17.65%. Over the last four qu ...