Upwork Announces Organizational Changes to Drive Continued Profitable Growth and Provides Preliminary Third Quarter 2024 Results Above Financial Guidance
Upwork Inc. (UPWK)
Last upwork inc. earnings: 2/26 04:09 pm
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Source: GlobeNewswire
Approximately $60 million in annual cost savings advances Upwork toward 5-year profitability target Company expects to exceed revenue and adjusted EBITDA guidance for third quarter 2024 results SAN FRANCISCO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK) (“Upwork” or the “Company”), the world’s work marketplace that connects businesses with independent talent across the globe, today announced a more streamlined organizational structure and operational changes to continue the Company’s profitable trajectory, increase efficiency, and accelerate innovation for its customers. “We are making ourselves a more streamlined and efficient organization, continuing our successful focus on durable, profitable growth and delivering value for our customers and shareholders,” said Hayden Brown, president and CEO, Upwork. “This is a continuation of our ongoing strategy to invest in growth levers that are high-return and high-potential while demonstrating proactive cost discipline.”
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News
- Upwork to Present at UBS Global Technology and AI ConferenceGlobeNewswire
- Surging Earnings Estimates Signal Upside for Upwork (UPWK) Stock [Yahoo! Finance]Yahoo! Finance
- Upwork (UPWK) Now Trades Above Golden Cross: Time to Buy? [Yahoo! Finance]Yahoo! Finance
- Upwork Inc. (NASDAQ: UPWK) had its price target raised by analysts at Canaccord Genuity Group Inc. from $15.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Upwork Inc. (NASDAQ: UPWK) had its price target raised by analysts at BTIG Research from $14.00 to $16.00. They now have a "buy" rating on the stock.MarketBeat
UPWK
Earnings
- 11/6/24 - Beat
UPWK
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- UPWK's page on the SEC website