Latest Product Updates and Feature Enhancements on Upwork
Upwork Inc. Study Reveals Shift from AI as a Tool to a Teammate, Highlighting Productivity Gains and Emotional Costs in the Workplace - Nasdaq
Upwork's study reveals AI is transforming from a tool to a teammate, boosting productivity by 40% but causing burnout and disconnection among workers. Independent freelancers adapt better, using AI f...or skill development. The study emphasizes the need for organizations to foster human-AI collaboration and maintain human relationships in AI-enhanced workplaces.
Upwork announces the launch of Lifted - TipRanks.com
Upwork has launched Lifted, a subsidiary designed to provide enterprise clients with a comprehensive solution for talent sourcing, contracting, and workforce management. This new offering aims to eli...minate traditional trade-offs between flexibility, compliance, speed, and scale, offering a fully flexible, digitally native contingent work solution.
Upwork Launches New Unit for Workforce Services with Enterprise Solutions and Managed Services.
Upwork has launched a new subsidiary, Lifted, to offer comprehensive workforce services, including enterprise solutions and managed services. Lifted integrates talent sourcing, contracting, and workf...orce management, addressing the needs of large organizations with diverse contingent work models. Built on technology from previous acquisitions, it provides a unified platform for global talent management, enhancing Upwork's market reach and enterprise relationships.
Upwork Inc. Launches New AI-Driven Features to Enhance Hiring and ...
Upwork Inc. has launched new AI-driven features in its Summer 2025 release, enhancing hiring and collaboration with advancements like Uma, its Mindful AI. Key updates include instant interviews, AI-g...enerated meeting summaries, and context-aware search capabilities. These innovations aim to streamline hiring processes, improve decision-making, and enhance productivity for clients and freelancers.
Mergers, Acquisitions, and Business Moves by Upwork
Upwork leans on AI deals for greater 'optionality,' CFO says | CFO Dive
Upwork's CFO Erica Gessert highlights the company's focus on AI-related services and strategic acquisitions to drive growth and profitability. Recent acquisitions, including workforce management comp...any Bubty and plans to acquire Ascen, enhance Upwork's AI capabilities. The company reported a 47% YoY rise in net income and a 1% increase in revenue for Q2. Upwork also launched the AI-powered "Lifted" platform to manage extended workforces.
Upwork Expands into Corporate Staffing Beyond Freelancers Through Acquisitions
Upwork announced the acquisitions of Bubty and Ascen to launch a new enterprise-focused business unit, expanding beyond its core freelancer marketplace. This move aims to cater to corporate staffing ...needs with a focus on compliance, flexibility, and technology integration. The new entity will support various contract types and is expected to enhance Upwork's competitive edge in the corporate staffing sector.
Upwork's enterprise subsidiary acquires Bubty and Ascen - AIM Group
Upwork's enterprise subsidiary has acquired Bubty, a Netherlands-based contingency-workforce-management software company, and Ascen, a Boston-based global compliance firm. These acquisitions aim to e...nhance Upwork's capabilities in managing enterprise-level workforce solutions.
Upwork Reports Second Quarter 2025 Financial Results - GlobeNewswire
Upwork reported strong financial results for Q2 2025, with revenue of $194.9 million and a net income of $32.7 million. The company raised its full-year guidance and announced acquisitions of Bubty a...nd Ascen to enhance its contingent workforce solutions. Upwork's AI features and strategic acquisitions position it to capitalize on a $650 billion enterprise market opportunity.
Upwork Reports Second Quarter 2025 Financial Results
Upwork reported strong financial results for Q2 2025, with revenue reaching $194.9 million and a net income of $32.7 million. The company announced the acquisition of Bubty and plans to acquire Ascen..., enhancing its contingent workforce solutions. Upwork's AI-driven features contributed to increased marketplace performance, with AI-related work growing significantly. The company raised its full-year financial guidance, reflecting confidence in continued growth and profitability.
Upwork Inc. Scheduled to Report Q2 2025 Financial Results on August 6, 2025 - Quiver Quantitative
Upwork Inc. will announce its Q2 2025 financial results on August 6, 2025, after market close, followed by a Q&A conference call. The webcast will be accessible on Upwork's Investor Relations website..., with a replay available for one week.
Upwork Reports First Quarter 2025 Financial Results
Upwork has announced its financial results for the first quarter of 2025. The report details the company's recent revenue, expenses, and operational performance for the period, providing insights int...o Upwork's business growth and financial health.
Upwork Inc. Reports Strong Q1 2025 Financial Results - TipRanks.com
Upwork Inc. reported strong financial results for Q1 2025, highlighting robust revenue growth and improved profitability, underscoring the company's continued momentum in the online talent marketplac...e sector.
Upwork Reports First Quarter 2025 Financial Results - GlobeNewswire
Upwork reported first quarter 2025 financial results with revenue of $192.7 million, GAAP net income of $37.7 million, and adjusted EBITDA of $56.0 million, reflecting a 20% profit margin and 29% adj...usted EBITDA margin. The company reiterated its full-year revenue guidance and raised its adjusted EBITDA outlook, citing strong performance and early gains from AI-driven product investments.
Upwork Inc. Surpasses Wall Street Expectations in Q4 2024 - News and Statistics - IndexBox
Upwork Inc. exceeded Wall Street expectations in Q4 2024, with a 4.1% revenue increase to $191.5 million. The company projects next-quarter revenues of $188.5 million, surpassing analyst estimates.
Upwork to Report Fourth Quarter and Full Year 2024
Upwork Inc. will announce its Q4 and full-year 2024 financial results on February 12, 2025. A conference call will follow the announcement, with a webcast available on their Investor Relations websit...e.
Upwork names first COO, reshapes global leadership team - Outsource Accelerator
Upwork has appointed Anthony Kappus as its first Chief Operating Officer, alongside promoting Andrew Rabinovich to Chief Technology Officer and Jacob McQuown to Chief Legal Officer. These executive c...hanges aim to enhance Upwork's focus on AI and global marketplace expansion. Kappus will manage teams across various functions, while Rabinovich will lead AI innovations, including the AI agent Uma.
Upwork Appoints Anthony Kappus as Chief Operating Officer, Elevates Technology and Legal Leaders for Next Chapter of Growth - Yahoo Finance
Upwork appoints Anthony Kappus as its first chief operating officer, while Andrew Rabinovich is promoted to chief technology officer, and Jacob McQuown becomes chief legal officer. These executive ch...anges aim to enhance Upwork's leadership in AI-powered work solutions and support its growth strategy. Kappus brings experience from Redfin, Rabinovich advances AI initiatives, and McQuown strengthens legal and policy functions.
Corporate News and Organizational Updates on Upwork
Upwork Inc. Establishes Economic Advisory Council Featuring Experts from MIT, Stanford, and Georgetown to Shape AI-Human Workforce Integration - Nasdaq
Upwork Inc. has formed the Upwork Economic Advisory Council, featuring experts from MIT, Stanford, and Georgetown, to guide AI integration and workforce design. The council will provide insights on l...abor market shifts and the economic and ethical implications of AI, supporting Upwork's AI-powered platform evolution. This initiative positions Upwork as a leader in AI-driven workforce innovation.
