Upwork Reports First Quarter 2024 Financial Results
Upwork Inc. (UPWK)
Last upwork inc. earnings: 2/26 04:09 pm
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Source: GlobeNewswire
First-quarter GAAP Net Income of $18.4 million First-quarter GAAP Diluted EPS of $0.13 First-quarter Adjusted EBITDA of $33.3 million Raises revenue and Adjusted EBITDA outlook for 2024 Establishes five-year Adjusted EBITDA margin target of 35% SAN FRANCISCO, May 01, 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 its financial results for the first quarter of 2024. “We drove strong business momentum in the first quarter, delivering 19% year-over-year revenue growth and steadily increasing net income to $18.4 million and adjusted EBITDA to $33.3 million,” said Hayden Brown, president and CEO, Upwork. “We continue to accelerate profitability while investing in growth and innovation. Our comprehensive Upwork Updates launch reflects a huge slate of exciting new products—many of which are built on our innovative AI foundations—as we
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UPWK
News
- Upwork Inc. (NASDAQ: UPWK) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $19.00 price target on the stock.MarketBeat
- Upwork Inc. (NASDAQ: UPWK) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $20.00 price target on the stock.MarketBeat
- Upwork (UPWK) Just Reclaimed the 50-Day Moving Average [Yahoo! Finance]Yahoo! Finance
- Gen Z Is Abandoning Conventional 9-to-5 Corporate Jobs for More Diverse, Flexible Careers in Freelancing, According to New Upwork Research [Yahoo! Finance]Yahoo! Finance
- Gen Z Is Abandoning Conventional 9-to-5 Corporate Jobs for More Diverse, Flexible Careers in Freelancing, According to New Upwork ResearchGlobeNewswire
UPWK
Earnings
- 5/1/24 - Beat
UPWK
Sec Filings
- 5/7/24 - Form 4
- 5/3/24 - Form 144
- 5/1/24 - Form 10-Q
- UPWK's page on the SEC website