Upwork (UPWK) Company Overview

PALO ALTO, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc.  (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent, today released its annual In-Demand Skills report , spotlighting the most sought-after skills across key work categories on its platform.

Upwork's stock price recovered in the fourth quarter after publishing encouraging financial results that showed that its business was still growing. The UPWK stock jumped to a high of $18, it highest level since August 2022, bringing its market cap to over $2.15 billion.

SAN FRANCISCO, Jan. 02, 2025 (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 27th Annual Needham Growth Conference in New York, NY on Wednesday, January 15, 2025 at 8:45 a.m. PT/11:45 a.m. ET.

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Boston, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Consumer365, a trusted authority on technology and business insights, has recognized Upwork as the top job posting site for employers in 2025. This distinction underscores Upwork's role as a vital resource for businesses adapting to the growing demand for remote work and freelance talent in a changing employment landscape.

Upwork (UPWK 0.66%) is a gig economy stock that makes hiring employees more convenient.

This platform business has increased revenue while improving profits.

Upwork has been benefiting from its AI-driven portfolio, accretive acquisitions and solid partnerships.

I'm initiating Upwork with a buy, as I'm convinced by management's surgical approach to reducing costs while boosting profitability next year. The way I see it, Upwork has three things that'll work in its favor: disciplined cost reduction, scaling its reach, and new improvements to the platform using AI. UPWK also recently introduced a new Business Plus plan that adds another entry point to the platform with more affordable pricing and a smoother buying plan.