Upwork Inc is a leading online platform that connects freelancers with businesses seeking skilled professionals for various projects. It provides a marketplace where companies can post job opportunities and freelancers can showcase their expertise across numerous fields, including writing, design, programming, marketing, and more. The platform facilitates seamless collaboration, allowing clients to manage their projects, communicate with freelancers in real-time, and make payments securely. By bridging the gap between talent and opportunity, Upwork empowers individuals to work remotely while helping businesses access a diverse pool of skilled workers from around the world.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Angi (NASDAQ:ANGI) and the best and worst performers in the gig economy industry.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at DoorDash (NYSE:DASH) and its peers.
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 Q3, starting with Upwork (NASDAQ:UPWK).
Hims & Hers, Payoneer, and Astera Labs lead Q3 earnings with standout revenue growth, forecast upgrades, and strategic wins—stocks to watch for growth potential
Online work marketplace Upwork (NASDAQ:UPWK) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 10.3% year on year to $193.8 million. Guidance for next quarter’s revenue was optimistic at $180.5 million at the midpoint, 2.7% above analysts’ estimates. Its non-GAAP profit of $0.29 per share was also 13.9% above analysts’ consensus estimates.
Key Takeaways: EPWK, which helps small and medium-sized companies find gig workers, has raised its IPO fundraising target by about a third from its original plan in February 2023 While demand for crowdsourcing platform services has recovered from a pandemic downturn, China’s slowing economy has eroded the company’s margins
The world's largest digital freelance platform, Upwork Inc. (NASDAQ: UPWK), took proactive measures ahead of its upcoming third quarter of 2024 earnings release
