Upwork reports strong Q4 earnings but gives cautious Q1 2025 outlook, focusing on AI growth.
Upwork, an online marketplace connecting businesses with freelancers, reported strong Q4 earnings with a revenue of $191.5 million, beating analyst expectations. Despite this, the company's Q1 2025 guidance for EPS of 0.240-0.260 and revenue of $186.0 million-$191.0 million is slightly below market forecasts. Upwork is focusing on AI improvements to boost higher-margin services, highlighting a 60% year-over-year increase in AI-related services. Analysts remain optimistic with a "Moderate Buy" rating and a price target of $18.09.
6 weeks ago
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