10 Firms Stealing Market Spotlight Amid Bloodbath

4. Upwork Inc. (NASDAQ:UPWK)

Upwork ended a four-day loss on Tuesday, surging 13.24 percent to close at $17.70 apiece as investors took heart from its impressive earnings performance and higher growth outlook for the full-year period.

In an updated report, Upwork Inc. (NASDAQ:UPWK) said it grew its net income by 6 percent in the third quarter of the year to $29.3 million from $27.7 million in the same period last year, while total revenues rose by 4 percent to $201.7 million from $193.78 million year-on-year.

Encouraged by the results, Upwork Inc. (NASDAQ:UPWK) raised its growth outlook for full-year 2025, with revenues now expected at $782 million to $787 million, versus the $765 million to $775 million projected previously.

Adjusted EBITDA outlook was also raised to a range of $222 million to $225 million from the $206 million to $214 million expected prior.

For the fourth quarter alone, Upwork Inc. (NASDAQ:UPWK) was targeting revenues to settle at $193 million to $198 million, while adjusted EBITDA was pegged at $49 million to $52 million.

“The third quarter marked the start of the next chapter for Upwork. As we build the world’s human and AI-powered work marketplace, we’re driving phenomenal user productivity and engagement, resulting in a return to positive GSV growth,” President and CEO Hayden Brown said.

“We are executing with speed and precision across our growth levers of AI, SMB, and Enterprise, and are now on the path to sustained, multi-year growth,” she noted.