Upwork (UPWK) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 26.09%. A quarter ago, it was expected that this online freelance marketplace operator would post earnings of $0.23 per share when it actually produced earnings of $0.26, delivering a surprise of 13.04%.Over the last four q ...

财务业绩和运营指标 - 2024年第三季度和前九个月,公司的市场营收分别增长12%和16%,市场佣金率分别提升至18.3%和18.0%[75] - 2024年第三季度和前九个月,公司实现净收入分别为2778万美元和6842万美元,经调整EBITDA分别为4322万美元和11738万美元,同比大幅增长[75] - 公司的活跃客户数从2023年9月30日的836,000增加至2024年9月30日的855,000,增长2%[79] - 公司每位活跃客户的交易总额(GSV)从2023年9月30日的4,906美元下降至2024年9月30日的4,781美元,下降3%[79] - 公司Marketplace收入在三个月和九个月期间分别增长12%和16%[100] - 公司Enterprise收入在三个月和九个月期间分别增长1%和4%[100] - 公司总收入在三个月和九个月期间分别增长10%和14%[100] - 公司三个月和九个月期间的总毛利率分别为78%和77%，较上年同期提高[101] - 公司三个月和九个月期间的Marketplace收入占总收入比重分别为86%[100] 成本管理和重组 - 公司在2023年实施了成本节约措施,包括减少品牌营销投资和供应商支出,这些措施推动了2024年第三季度和前九个月的净收入和经调整EBITDA的改善[75] - 公司于2024年10月23日宣布了一项重组计划,包括裁减21%的员工,预计将产生1700万美元至2200万美元的重组费用[76][77] - 销售和营销费用下降主要由于实施成本节约措施,包括减少品牌营销投资和供应商支出,以及减少员工和放缓企业销售人员招聘[104] 收入结构调整 - 公司将收入来自企业解决方案的部分从市场营收中剥离,并将其与托管服务收入合并为企业收入[81][82][83] 非公认会计准则指标 - 公司使用经调整EBITDA作为衡量运营效率的指标,并认为该非公认会计准则财务指标对投资者有用[85][88] 未来展望 - 公司预计第四季度宏观经济环境不会有明显改善[100] - 公司预计未来成本将随业务增长而上升,但定价调整将有利于提高毛利率[102] 资金管理 - 公司相信现有现金和现金等价物、有价证券以及经营活动产生的现金流(在产生经营活动现金流的期间)足以满足未来至少12个月的需求[110] - 公司在2023年11月启动了1亿美元的股票回购计划,并在2024年9月30日前全额完成[114] - 公司在2024年10月启动了新的1亿美元股票回购计划,没有到期日,将根据市场和业务情况决定具体回购时间和数量[114] - 公司作为互联网托管代理商需要持有客户的托管现金和在途现金作为资产,并在资产负债表上记录相应的托管资金负债[115] - 截至2024年9月30日和2023年12月31日,托管资金余额分别为2.143亿美元和2.124亿美元[115] - 公司发行了3.61亿美元的可转换优先票据,票面利率为0.25%,到期日为2026年8月15日[117] - 公司为了减少票据转换对普通股的潜在摊薄影响,与银行签订了限价购买交易[117] - 2024年前9个月经营活动产生的现金流量净额为1.451亿美元,主要来自于净收入6,840万美元和非现金调整6,270万美元[120][122] - 2024年前9个月投资活动产生的现金流量净额为1.586亿美元,主要来自于到期和出售的有价证券[123] - 2024年前9个月筹资活动使用的现金流量净额为9,320万美元,主要用于股票回购[124] 风险管理 - 公司面临利率风险和汇率风险,但目前影响较小[127][128] 业务举措 - 公司实施了一系列举措,包括取消人才的分级服务费结构、增加人才投标所需的虚拟代币数量、在工作市场上部署广告产品以及推出新功能,这些举措促进了市场营收和市场佣金率的增长[75] - 公司在过去几个季度实施的多项举措,如调整服务费结构、增加Connects数量、推出广告产品等,推动了Marketplace收入的增长[100] - 公司Managed Services业务收入增长推动了Enterprise收入的增长[100] 费用分析 - 研发费用增加主要由于增加研发人员导致人员相关成本增加640万美元和2040万美元[103] - 一般和管理费用增加主要由于人员相关成本增加260万美元和628万美元[105] - 交易损失准备金在三季度略有增加,但在前九个月大幅下降5930万美元,主要由于内部审查流程改善,减少了坏账损失、欺诈和退款损失[106] - 其他收益净额在三季度增加,主要由于获得更多的利息收入,但在前九个月下降3230万美元,主要由于2023年第一季度确认了3890万美元的提前偿还票据收益[107]

财务表现 - 2021年第四季度营收为 1.33 亿美元，同比增长 20%。[1] - 2021年全年营收为 4.63 亿美元，同比增长 25%。[1] - 2021年第四季度毛利率为 77.4%，同比提高 1.1 个百分点。[1] - 2021年全年毛利率为 77.6%，同比提高 1.2 个百分点。[1] 业务发展 - 2021年第四季度,公司在全球范围内新增了超过 1,000 家客户。[1] - 2021年全年,公司新增了超过 3,000 家客户,总客户数超过 12 万家。[1] - 公司持续加大在云计算、人工智能等新兴技术领域的投入,为客户提供更加丰富的产品和服务。[1] 未来展望 - 预计 2022 年全年营收将达到 5.4 亿至 5.5 亿美元,同比增长 17% 至 19%。[1] - 公司将继续专注于产品创新和客户服务,进一步巩固行业领先地位。[1] - 公司将持续加大在新兴技术领域的投入,为客户提供更加全面的解决方案。[2] 股东回报 - 董事会批准了 2022 年第一季度现金股利,每股 0.08 美元。[1] - 公司将继续保持稳定的股利政策,为股东创造长期价值。[1]

Achieves 10% year-over-year revenue growth, record GAAP net income of $27.8 million and adjusted EBITDA of $43.2 millionThird-quarter GAAP diluted EPS of $0.20Raises FY 2024 guidance for revenue and adjusted EBITDAEnters definitive agreement to acquire Objective to enhance core search and match offerings and strengthen AI talent benchAnnounces new $100 million share repurchase program authorization SAN FRANCISCO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketpl ...

Upwork Today | --- | --- | --- | --- | |---------------------|-------|-------|-------| | | | | | | | | | | | UPWK | | | | | Upwork | | | | | $13.55 | | | | | +0.98 (+7.80%) | | | | | 52-Week Range $8.43 | | | | | ▼ | | | | | $16.36 | | | | | P/E Ratio | | | | | 24.64 | | | | | Price Target $15.27 | | | | | | | | | Add to Watchlist The world's largest digital freelance platform, Upwork Inc. NASDAQ: UPWK, took proactive measures ahead of its upcoming third quarter of 2024 earnings release due out Nov. 6, 2024 ...

Upwork might soon be a slimmer, more effective, and profitable company.Gig job facilitator Upwork (UPWK -0.63%) probably doesn't want this week to end. Its shares have been racing higher, advancing by nearly 23% in price week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. Investors were encouraged by the company's preliminary third-quarter numbers, plus news of a restructuring plan and an analyst's bullish new research note.Preliminary results and pink slip ...

The manic-depressive Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, heAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving com ...

Upwork (UPWK) shares rallied 26.7% in the last trading session to close at $12.73. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.6% loss over the past four weeks.Upwork is benefiting from an enhanced enterprise strategy, strong demand for its services, and advancements in AI innovation. As a result, the company has increased its guidance to $194 million for its preliminary third-quarter 2024 results, surp ...

Upwork just published preliminary Q3 results and major restructuring news -- and Wall Street is feeling very bullish about the update.Upwork (UPWK 21.74%) stock is soaring in Wednesday's trading following the publication of preliminary third-quarter results. The gig-economy specialist's share price was up 22.6% as of 11 a.m. ET.Upwork published preliminary Q3 results before the market opened this morning, reporting performance that came in ahead of the market's expectations. In addition to the better-than-a ...

Approximately $60 million in annual cost savings advances Upwork toward 5-year profitability target Company expects to exceed revenue and adjusted EBITDA guidance for third quarter 2024 results SAN FRANCISCO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK) (“Upwork” or the “Company”), the world’s work marketplace that connects businesses with independent talent across the globe, today announced a more streamlined organizational structure and operational changes to continue the Company’s profita ...