Upwork Inc. (UPWK) Q1 2025 Earnings Call Transcript
Upwork Inc. (NASDAQ:UPWK ) Q1 2025 Earnings Conference Call May 5, 2025 5:00 PM ET Company Participants Samuel Meehan - VP, IR Hayden Brown - President and CEO Erica Gessert - CFO Conference Call Participants Eric Sheridan - Goldman Sachs Bernie McTernan - Needham & Co. Ronald Josey - Citi Andrew Boone - Citizens Brad Erickson - RBC Capital Markets John Byun - Jefferies Rohit Kulkarni - ROTH Capital Partners Matt Shidler - Scotiabank Marvin Fong - BTIG Operator Good day and thank you for standing by. Welcome to Upwork's First Quarter 2025 Earnings Conference Call.
Upwork (UPWK) Q1 Earnings and Revenues Beat Estimates
Upwork (UPWK) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.22 per share a year ago.
Wake Up, It's Time For A Business Plan - Reiterating Buy On Upwork
Upwork Inc.'s Q4 beats were driven by enterprises, and I expect to see this happen again. I think the enterprise segment has strong potential to drive Upwork's next leg of growth as it captures a higher-paying client base. Profit margins jumped 68% year-over-year in Q4 due to cost reduction, platform improvements, and scale.
Upwork: Impressive Profit Growth, But The Longer Term Is Shaky
Upwork's Q4 earnings showcased profitability, but AI poses long-term risks, making me remain neutral on its prospects despite a recent stock rally. Upwork's AI-related GSV grew 33% y/y, but overall revenue growth has decelerated to single digits, showcasing that AI may be a net headwind than a tailwind. The company introduced its AI tool "Uma" and acquired Objective for AI native search, yet simpler jobs may be lost to AI.
Upwork Gains On AI And Enterprise Growth, But Analysts See Macro Challenges Limiting Upside
Upwork Inc. UPWK shares are trading higher on Thursday.
Upwork: Demand for AI Talent Drove Record Revenue in 2024
Work marketplace Upwork earned record revenue in 2024 and attributed its gains in part to artificial intelligence (AI). In an earnings release and other materials issued Wednesday (Feb. 12), the company highlighted AI innovations it added to its marketplace platform and AI talent the platform connects with its clients.
Upwork Inc. (UPWK) Q4 2024 Earnings Call Transcript
Upwork Inc. (NASDAQ:UPWK ) Q4 2024 Earnings Conference Call February 12, 2025 5:00 PM ET Company Participants Samuel Meehan - VP, IR Hayden Brown - President and CEO Erica Gessert - CFO Conference Call Participants Maria Ripps - Canaccord Andrew Boone - Citizens Stefanos Crist - Needham Brad Erickson - RBC Capital Markets Josh Chan - UBS Jared Osteen - ROTH Capital Partners John Byun - Jefferies Marvin Fong - BTIG Operator Good day, and thank you for standing by. Welcome to the Upwork Fourth Quarter and Full Year 2024 Earnings Conference Call.
Upwork (UPWK) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for Upwork (UPWK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Upwork: Record Revenue, EPS Beat in Q4
Online work marketplace Upwork (UPWK 1.97%) reported fourth-quarter earnings on Wednesday, Feb. 12, that topped analysts' consensus top- and bottom-line expectations. Record-breaking quarterly revenue of $191.5 million surpassed estimates of $180 million and were up 4.1% year over year.
Upwork (UPWK) Beats Q4 Earnings and Revenue Estimates
Upwork (UPWK) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.20 per share a year ago.
Upwork: Operational Improvements And Labor Conditions Could Propel This One Higher
Upwork, the Coivd-era darling, has dropped from $60 per share to $16 on macro conditions and the threat of AI. I estimate 50% upside from current levels. Upworks model has significant potential for operational leverage, similar to those of Uber and AirBnB. While this potential has been realized by the latter two, Upwork still has potential. Current labor conditions and the threat of AI could be detrimental for Upwork. Yet, I believe a market with more churn, and project-based hiring, could be beneficial for Upwork.
Upwork stock price hits resistance as it faces key challenge
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.
