Andrew Boone

Maria Ripps

Marvin Fong

Bradley Erickson

Rohit Kulkarni

Sang-Jin Byun

Stefanos Crist

Bernard McTernan

Eric Sheridan

Jake Hallac

Jared Osteen

John Byun

Josh Chan

Joshua Chan

Matthew Condon

Ronald Josey

- Upwork reported a **"truly breakout quarter in Q2"**  **[1627475_2139126_0]** , outperforming financial metrics  **[1627475_2139126_0]**  and is now poised to resume **GSV and revenue growth**  **[1627475_2139126_1]** , ahead of its previous plan.  **[1627475_2139126_1]** 
- The company achieved an adjusted EBITDA margin of **29.3%** in the last quarter  **[1627475_2139126_1]**  and reiterated a long-term goal of **35% adjusted EBITDA margin**  **[1627475_2139126_6]** , while investing to resume growth.  **[1627475_2139126_6]** 
- AI is a significant growth driver, with the AI category growing **30%** in Q2  **[1627475_2139126_1]**  and AI-enabled platform improvements driving **$80 million** in GSV in Q2.  **[1627475_2139126_1]** **[1627475_2139126_3]**  Recent acquisitions of **BubTea** and **Ascend** expand access to the **$650 billion** enterprise contingent labor market, with major growth expected from these in the **back half of 2026**.  **[1627475_2139126_4]** **[1627475_2139126_7]** 
- Upwork's take rate, currently around **19.5%**  **[1627475_2139126_5]** , is expected to increase, driven by products like Business Plus, which saw **190% GSV growth quarter over quarter in Q2**.  **[1627475_2139126_3]** **[1627475_2139126_5]**  The company also announced its third **$100 million** stock buyback in two years.  **[1627475_2139126_6]**

Upwork Discusses Strong Q2 Performance and Future Growth Drivers

- Upwork reported a **"truly breakout quarter" in Q2**, outperforming all financial metrics, and posted a **29.3% adjusted EBITDA margin**.  **[1627475_2138992_0]** **[1627475_2138992_1]**  The company expects to increase its adjusted EBITDA margin by **6 points year over year** this year, with a long-term goal of **35%**.  **[1627475_2138992_6]** 
- The company is poised to resume GSV and revenue growth now and into **2026**, ahead of its previous plan.  **[1627475_2138992_1]**  This growth is supported by the accelerating AI category, which grew **30% in Q2**, and AI-enabled platform improvements that drove **$80 million of GSV** in Q2.  **[1627475_2138992_1]** **[1627475_2138992_3]** 
- Upwork expanded its Enterprise business by acquiring **BubTea** and **Ascend** in August, aiming to access the full contingent labor market and expecting major GSV and revenue growth from these acquisitions in the **back half of 2026**.  **[1627475_2138992_4]** 
- The company's total take rate is around **19.5%** and is expected to increase, driven by products like Business Plus, which saw **190% GSV growth quarter over quarter in Q2**.  **[1627475_2138992_3]** **[1627475_2138992_5]**  Upwork also announced its third **$100 million stock buyback in two years**.  **[1627475_2138992_6]**

Upwork Discusses Strong Q2 Performance, Growth Outlook, and Strategic Priorities

- Upwork reported a **"truly breakout quarter"** in Q2, outperforming financial metrics and achieving a **29.3% adjusted EBITDA margin**.  **[1627475_2138963_0]** **[1627475_2138963_1]**  The company aims for a long-term adjusted EBITDA margin of **35%**.  **[1627475_2138963_6]** 
- The company is poised to resume GSV and revenue growth now and into **2026**, driven by strategic priorities including the accelerating growth of its AI category (up **30%** in Q2) and AI-enabled platform improvements, which drove **$80 million** in GSV in Q2.  **[1627475_2138963_1]** **[1627475_2138963_3]** 
- Upwork expanded its Enterprise business with the acquisitions of BubTea and Ascend, costing about a **quarter of free cash flow**, which are expected to drive major GSV and revenue growth starting in the back half of **2026**.  **[1627475_2138963_4]** **[1627475_2138963_6]** 
- The company's total take rate is around **19.5%**, with a bias to increase, supported by growth in ads products, Connect revenue (up **20%** in Q2), and the new Business Plus product, which saw **190% GSV growth** quarter-over-quarter in Q2.  **[1627475_2138963_5]** **[1627475_2138963_3]** 
- Upwork continues its capital allocation strategy, including organic growth investments, smart M&A, and returning capital to shareholders, having recently announced its third **$100 million** stock buyback in two years.  **[1627475_2138963_6]**

Upwork CFO Discusses Strong Q2 Performance, AI-Driven Growth, and Enterprise Expansion

- Upwork reported a **"truly breakout quarter in Q2"**, outperforming all financial metrics, and achieved a **29.3%** adjusted EBITDA margin.  **[1627475_2139071_0]** **[1627475_2139071_1]** 
- The company is **"poised to resume GSV and revenue growth now and into 2026"**, ahead of its previous plan for 2025, and reiterated a long-term adjusted EBITDA margin goal of **35%**.  **[1627475_2139071_1]** **[1627475_2139071_6]** 
- AI is a significant tailwind, with the AI category growing **30%** in Q2 (up from 25% in Q1), and AI-enabled platform improvements driving approximately **$80 million** of GSV in Q2.  **[1627475_2139071_1]** **[1627475_2139071_3]** 
- Upwork expanded its Enterprise business by acquiring **Bubty** and **Ascen**, aiming to access the full contingent labor market, with major GSV and revenue growth from these expected in the **back half of 2026**.  **[1627475_2139071_4]**

Upwork Reports Breakout Q2, Poised for Growth with AI and Enterprise Expansion

- Upwork launched a new monthly analysis of freelance economy hiring trends, based on over **1 million** U.S. job postings annually and a monthly business pulse survey.  **[1627475_f203bb9c6148452e94f6529859b555dc_0]** 
- In August 2025, **high-value work** (contracts over **$1,000**) among large businesses on Upwork grew **31%**.  **[1627475_f203bb9c6148452e94f6529859b555dc_0]** **[1627475_f203bb9c6148452e94f6529859b555dc_2]** 
- Demand for **AI and machine learning skills** among small and medium-sized businesses (SMBs) increased **40%** in August 2025.  **[1627475_f203bb9c6148452e94f6529859b555dc_1]** **[1627475_f203bb9c6148452e94f6529859b555dc_2]** 
- AI is amplifying human talent, driving demand for skills like **fact-checking** and **video editing**, with content creation jobs reaching a historical high of **15%** of jobs on Upwork.  **[1627475_f203bb9c6148452e94f6529859b555dc_1]** **[1627475_f203bb9c6148452e94f6529859b555dc_2]**

Upwork Releases August 2025 Monthly Hiring Report

UPWORK (UPWK)