文章核心观点 - 在线工作平台公司Upwork的股价在2024年9月13日下跌37%,但公司却上调了业绩指引 [1] - 这家公司是由资深投资分析师Bret Jensen领导的"Busted IPO Forum"投资组合的一部分,专注于上市18个月到6年的公司 [1] 公司概况 - Upwork是一家在线工作平台公司 [1] - 公司股价在2024年9月13日下跌37% [1] - 但公司却上调了业绩指引,表现不佳 [1] 投资分析 - 公司被资深投资分析师Bret Jensen的"Busted IPO Forum"投资组合关注 [1] - 该投资组合专注于上市18个月到6年的公司 [1] - 分析师表示自己持有公司股票的长期权益 [2]

SAN FRANCISCO, Oct. 15, 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 it will report its financial results for the third quarter of 2024 on Wednesday, November 6, 2024 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the call will be available on th ...

文章核心观点 - 全球自由职业平台市场预计将以较快的速度增长,主要驱动因素包括员工招聘流程的变革需求以及远程工作文化的兴起 [1] 行业总结 - 全球自由职业平台市场规模预计将以较快的速度增长 [1] 公司总结 无相关内容

SAN FRANCISCO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent across the globe, today released its latest Work Innovators Report, revealing that companies integrating distributed work (remote, hybrid, and geographically dispersed models), flexible talent strategies (such as freelancers or contractors), and advanced technology (like AI or automation) are achieving better financial results compared to their peers. The ...

SAN FRANCISCO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent across the globe, today issued the following statement in response to a letter from Engine Capital to Upwork's Board of Directors: Upwork's Board of Directors and management team maintain an open dialogue with and value constructive input from investors. We continually evaluate options to enhance value and are committed to acting in the best inte ...

Close-up of sign at entrance to Silicon Valley headquarters of outsourcing and freelancing company Upwork, Mountain View, California, May 3, 2019. Activist investor Engine Capital has a roughly 4% stake in freelance marketplace Upwork and is pushing for a shakeup to the company's board. In a letter to Upwork's board on Friday, Engine said the company needs to fix "foundational issues" that are plaguing the platform. Engine stopped short of calling for CEO Hayden Brown's ouster in the letter, which was obtai ...

SAN FRANCISCO, Aug. 26, 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 President and CEO Hayden Brown and CFO Erica Gessert will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA on Monday, September 9, 2024 at 8:50 a.m. PT/11:50 a.m. ET. A live webcast of the fireside chat will be available in the Events and Prese ...

报告行业投资评级 - 报告给予Upwork Inc.的12个月评级为Neutral(中性)[1][7] 报告的核心观点 - 7月Upwork.com的月度独立访客量同比下降11%,与6月持平,但仍处于2年多来的最低水平[9][10] - 管理层已下调全年收入指引,预计下半年GMV将出现明显放缓[10] - 虽然7月数据相对于较弱的预期可能有所好转,但鉴于整体访客量趋势疲弱,目前仍难以判断指引是否过于保守[10] 行业概况 - Upwork是一家在线市场,为企业提供短期和长期项目的自由职业者服务,提供Upwork Basic、Upwork Plus、Upwork Business、Upwork Enterprise和Upwork Payroll等产品[19] 估值与风险 - 我们给予Upwork 11美元的目标价,基于12个月后的预测EBITDA 162百万美元,应用8.5倍EV/EBITDA估值[11][20] - 该估值低于Upwork当前约9.5倍的估值和13倍的一年期预测估值,反映了我们对短期GMV增长乏力的判断[11] - 主要风险包括宏观环境、自由职业市场相对较新、存在替代平台、以及人工智能的影响[21]

财务数据和关键指标变化 - 公司第二季度收入为1.931亿美元,同比增长15% [29] - 公司GAAP净收入创历史新高,达2220万美元 [40] - 公司调整后EBITDA为4080万美元,调整EBITDA利润率为21.1% [38] - 公司自由现金流为3350万美元,几乎相当于全部自由现金流用于股票回购 [40] - 公司现金、现金等价物和有价证券总额约为4.977亿美元 [41] 各条业务线数据和关键指标变化 - 市场业务收入为1.668亿美元,同比增长17% [29] - 企业业务收入保持平稳,为2630万美元 [30] - 托管服务业务收入同比有所增长,反映了工作产品交付需求的增加 [30] - 活跃客户人数同比增长6%至86.8万 [32] - 市场交易费率创历史新高,达18%,较上季度提高30个基点 [32] 各个市场数据和关键指标变化 - 美国、德国和英国市场的客户需求相对较弱 [82] - 人工智能相关工作的GMV同比增长67% [16] - 从事人工智能相关项目的自由职业者每小时收入比非人工智能项目高47% [16] 公司战略和发展方向及行业竞争 - 公司正在努力将Upwork打造成人工智能人才和工作的首选目的地 [14] - 公司正在通过产品创新、企业解决方案、渠道合作等多个方面来推动收入和GMV增长 [13] - 公司正在采取双轨方式优化企业客户的定价和产品包装,以重新加速企业业务增长 [19][20] - 公司正在大力发展合作伙伴渠道,以更低成本高效地获取新客户 [21][22][23] - 公司正在不断提升市场质量和采用增值服务,以扩大收益空间 [24][25] 管理层对经营环境和未来前景的评论 - 公司在充满挑战的宏观经济环境中仍保持强劲增长和盈利能力 [8][9] - 公司预计下半年的客户活动水平将保持目前的水平,没有改善预期 [10][11] - 公司认为当前的宏观环境将持续到2024年剩余时间 [11] - 公司对长期增长前景保持乐观,并将继续投资创新以把握机遇 [12][26] 其他重要信息 - 公司调整后的全年EPS预期为0.90-0.94美元,较上次指引有所提升 [47] - 公司全年调整后EBITDA预期为1.4-1.5亿美元,调整EBITDA利润率预期提升 [45] - 由于今年第四季度周日数量较少,公司全年GMV增长率将受到约1个百分点的结构性影响 [46] 问答环节重要的提问和回答 问题1 **Andrew Boone 提问** 询问公司如何平衡市场健康和收益扩张,例如连接和订阅等功能的影响 [50][51] **Hayden Brown 回答** 公司正在通过改善信号质量、为客户和人才提供更多控制权等方式,来实现收益扩张和市场健康的平衡 [51][52] 问题2 **Josh Chan 提问** 询问公司在需求下降时的成本管理策略,以及需求回升时是否需要大幅增加支出 [72][73] **Hayden Brown 回答** 公司将保持谨慎的成本管理策略,即使需求回升也不会大幅增加支出,而是继续保持谨慎的投资策略 [73] 问题3 **Marvin Fong 提问** 询问公司双轨企业定价策略的目的和风险 [75][84] **Hayden Brown 回答** 公司通过优化定价和产品包装,针对不同细分企业客户的需求,以更好地获取新客户和扩大现有客户的业务份额,不存在对现有客户的替代风险 [84]

Upwork (UPWK) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 13.04%. A quarter ago, it was expected that this online freelance marketplace operator would post earnings of $0.19 per share when it actually produced earnings of $0.22, delivering a surprise of 15.79%. Over the last four ...