Upwork tumbles after Q1 outlook disappoints

Upwork

10/02/2026 10:15

** Shares of freelance marketplace platform Upwork UPWK.O drops 23.6% to $14.34 premarket

** Co forecasts Q1 2026 revenue between $192 mln and $197 mln vs analysts' estimate of 197.69 mln, as per LSEG-compiled data

** Q4 rev of $198.40 mln slightly beats estimates of $197.52 mln

** Average rating of 11 analysts is "buy"; their median PT is $22 - LSEG-compiled data
** UPWK stock rose 21.2% in 2025, down 5.2% so far this year

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com))