Upwork Inc (NASDAQ:UPWK) shares are soaring Tuesday after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above analyst estimates.
Shares of online work marketplace Upwork (NASDAQ:UPWK)
jumped 8.4% in the morning session after it continued to climb as the company posted strong third-quarter results that beat Wall Street expectations and raised its full-year profit guidance. The online work marketplace reported revenue of $201.7 million and adjusted earnings of $0.36 per share, surpassing analyst estimates on both fronts. The company's profitability was a key highlight, with its adjusted EBITDA margin expanding by 7.3 percentage points year over year. The strong performance came despite a 7.1% decrease in Gross Services Volume, suggesting Upwork successfully increased its monetization from existing customers. Looking ahead, management raised its full-year guidance for adjusted earnings per share by 17.2% at the midpoint. Overall, the significant beats on key metrics and the optimistic outlook for future profitability fueled investor confidence.
Online work marketplace Upwork (NASDAQ:UPWK) reported revenue ahead of Wall Streets expectations in Q3 CY2025, with sales up 4.1% year on year to $201.7 million. Guidance for next quarter’s revenue was better than expected at $195.5 million at the midpoint, 1.7% above analysts’ estimates. Its non-GAAP profit of $0.36 per share was 25.9% above analysts’ consensus estimates.
Online work marketplace Upwork (NASDAQ:UPWK) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 4.1% year on year to $201.7 million. Guidance for next quarter’s revenue was better than expected at $195.5 million at the midpoint, 1.7% above analysts’ estimates. Its non-GAAP profit of $0.36 per share was 25.9% above analysts’ consensus estimates.
As the regular session of the US market concludes on Monday, let's get an insight into the after-hours session and identify the stocks leading the pack in terms of gains and losses.
Shares of online work marketplace Upwork (NASDAQ:UPWK)
jumped 9.3% in the afternoon session after investment bank UBS upgraded the stock to "Buy" from "Neutral," citing signs of a potential rebound in growth. The firm kept its price target at $21 but highlighted positive trends. The upgrade stemmed from improving web traffic and higher client spending on the freelancing platform. UBS noted these factors suggested Upwork could return to growth in its gross services volume—the total value of work done on its platform. This potential turnaround followed five consecutive quarters of declines in the key metric and was seen as a significant catalyst for the stock.
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The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how gig economy stocks fared in Q2, starting with Upwork (NASDAQ:UPWK).
