UPWK / Upwork (UPWK) Reports Q1 Loss, Tops Revenue Estimates

SAN FRANCISCO, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest1 work marketplace that connects businesses with indep more_horizontal

SAN FRANCISCO, Aug. 29, 2023 (GLOBE NEWSWIRE) --   Upwork Inc. (Nasdaq: UPWK), the world's largest1 work marketplace that connects businesses with in more_horizontal

Shares of the world's largest business freelance platform Upwork. Inc. NASDAQ: UPWK exploded higher by more than 50% higher on its Q2 2023 earnings re more_horizontal

Upwork CEO Hayden Brown joins 'The Exchange' to discuss the state of the labor market, jobs report, and AI's impact on freelance work. more_horizontal

Upwork wasn't supposed to earn money in Q2, but it did. The company earned $0.10 per share on an adjusted basis, but lost $0.03 per share on a GAAP ba more_horizontal

While the top- and bottom-line numbers for Upwork (UPWK) give a sense of how the business performed in the quarter ended June 2023, it could be worth more_horizontal

Upwork (UPWK) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $ more_horizontal

Partnering with OpenAI, Upwork announced a set of new AI tools. AI stocks have soared this year, and Upwork is looking to harness some of the growth i more_horizontal