Upwork Inc. Common Stock
UPWKUpwork Inc. (UPWK) is a platform that connects businesses with freelancers and independent professionals across various fields such as writing, design, programming, and marketing. Founded in 2015 through the merger of Elance and oDesk, it has become a leading marketplace for remote work, enabling companies to find and collaborate with freelancers globally.
Company News
Fiverr's stock is underperforming in 2025 due to investor concerns about artificial intelligence's potential impact on its gig economy platform, which focuses on a narrow customer segment.
Upwork held its 2025 Investor Day, presenting a long-term growth strategy focused on AI-powered workflows. The company expects 4-6% GSV growth in 2026 and introduced new 2028 financial targets with 13-15% revenue CAGR.
Upwork's October hiring report reveals a 30% increase in customer-facing skills hiring, with 78% of businesses planning to hire independent talent. The report highlights growing demand for AI-enabled skills, flexible workforce solutions, and strategic creative talent.
Upwork announced a $100 million stock buyback program, signaling confidence in its future growth potential. The company reported strong Q2 revenue of $194.9 million, recently acquired two companies, and expects to tap into a $650 billion total addressable market in the labor platform sector.
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