Upwork (UPWK) Reports Strong Q1 2025 Results Exceeding Expectations

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May 06, 2025
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Key Takeaways:

  • Upwork Inc. (UPWK, Financial) exceeded Q1 2025 revenue expectations with $192.7 million.
  • Record adjusted EBITDA of $56 million achieved, indicating strong operational efficiency.
  • Future growth potential highlighted by raised full-year EBITDA forecast.

Upwork Inc. (UPWK) has exhibited robust performance in Q1 2025, reporting revenues of $192.7 million, which exceeded market predictions. The company reached a new milestone with an adjusted EBITDA of $56 million, maintaining a commendable margin of 29%. CEO Hayden Brown pointed to significant growth in gross services volume and notable advancements in AI capabilities as driving factors. Furthermore, CFO Erica Gessert has revised the full-year EBITDA forecast upwards to a range of $190-$200 million.

Wall Street Analysts Forecast

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According to insights from 10 analysts, the average one-year price target for Upwork Inc. (UPWK, Financial) stands at $19.20, with expectations ranging from a high of $25.00 to a low of $15.00. This average target suggests a potential upside of 44.14% from Upwork's current trading price of $13.32. For more detailed projections, visit the Upwork Inc (UPWK) Forecast page.

The collective recommendation from 11 brokerage analysts places Upwork Inc. (UPWK, Financial) at an average rating of 2.4, indicating an "Outperform" status. This rating is based on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.

GF Value and Investment Outlook

GuruFocus provides a GF Value estimate of $14.01 for Upwork Inc. (UPWK, Financial) over the next year, indicating a moderate upside of 5.18% from the current price of $13.32. The GF Value is determined by evaluating the historical trading multiples and growth patterns of the stock, along with future business performance forecasts. For a comprehensive view, explore the Upwork Inc (UPWK) Summary page.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.