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Upwork (UPWK)
NASDAQ:UPWK
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.27Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -19.32%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Upwork delivered strong financial results with record revenue and profitability, driven by growth in AI-related work and enterprise segment. However, the company faces macroeconomic challenges impacting growth and providing a cautious outlook for 2025.Company Guidance
During the Upwork Fourth Quarter and Full Year 2024 Earnings Conference Call, the company provided guidance emphasizing its strong financial performance despite a challenging macroeconomic environment. Upwork reported record highs for full-year revenue at $769.3 million, adjusted EBITDA, and adjusted EBITDA margin, which reached 21.8% for the year. The company's gross margin stood at 77.4% for 2024, and its marketplace take rate was 18.1% in Q4. Key growth areas included AI-related work, which saw a 60% year-over-year growth in GSV, and the launch of Business Plus, a premium plan aimed at enterprise clients. For 2025, Upwork projects revenue between $740 million and $760 million, with an expected adjusted EBITDA margin of 25%. The company is investing in growth catalysts, including AI, enterprise, and ads & monetization, with expectations of continued strong performance and market share gains.Record-Breaking Revenue and Growth
Upwork achieved record highs for full-year revenue, adjusted EBITDA, and adjusted EBITDA margin in 2024, with revenue growing 12% year-over-year to $769.3 million.
AI-Related Work Surge
GSV from AI-related work grew 60% year-over-year in 2024, with prompt engineering up 93% year-over-year in Q4. AI-related work is higher paying, with freelancers earning 44% more per hour.
Enterprise Segment Performance
Enterprise revenue grew 4% year-over-year to $107 million in 2024, with improved engagement from retained customers and a 12% increase in managed services revenue.
Ads & Monetization Growth
Ads and monetization revenue grew 51% year-over-year in 2024, with Freelancer Plus revenue increasing 58%.
Cost Efficiency and Profitability
Adjusted EBITDA margin reached an all-time high of 26.2% in Q4 and 21.8% for the full year 2024. Free cash flow was $139.1 million for the year.
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UPWK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UPWK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $15.53 | $16.56 | +6.63% |
| Nov 06, 2024 | $14.58 | $16.25 | +11.45% |
| Aug 07, 2024 | $10.46 | $9.37 | -10.42% |
| May 01, 2024 | $11.96 | $12.99 | +8.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Upwork (UPWK) report earnings?
Upwork (UPWK) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Upwork (UPWK) earnings time?
Upwork (UPWK) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UPWK EPS forecast?
UPWK EPS forecast for the fiscal quarter 2025 (Q1) is 0.27.
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