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Upwork cuts full-year forecast as AI pressures its marketplace

Revenue and margins came in ahead. Guidance came down, active clients fell 4%, and the market priced in AI disintermediation.

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thenextweb.com

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thenextweb.comStai leggendo1 g fa

Upwork cuts full-year forecast as AI pressures its marketplace

Upwork cuts guidance (to $730-750M from $760-790M) on 4% client decline and AI automation; stock falls 15%. AI erodes routine tasks but drives AI consulting boom (+50%); CTOs must pivot budgets toward AI-adjacent specialization and governance.

originale

benzinga.com2 g fa

Upwork Cuts Profit Forecast, Warns of Near-Term AI Headwinds - Upwork (NASDAQ:UPWK)

Upwork slashed 2026 guidance (EPS $1.38-$1.43, revenue $730-750M) citing AI automation drag, despite AI jobs +22%. Platform pivot to premium services (+15% revenue growth, 19.8% take rate) and AI talent focus signals margin expansion path amid labor disruption.

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Timeline cronologica

martedì 11 agosto 2026·benzinga.com
Upwork Cuts Profit Forecast, Warns of Near-Term AI Headwinds - Upwork (NASDAQ:UPWK)
Upwork beats Q2 EPS and revenue estimates but lowers 2026 guidance, with AI automation, weaker new-client additions and labor market pressures weighing.
mercoledì 12 agosto 2026·thenextweb.com
Upwork cuts full-year forecast as AI pressures its marketplace
Revenue and margins came in ahead. Guidance came down, active clients fell 4%, and the market priced in AI disintermediation.