Stock Track | Upwork Inc. Plunges 22.71% in After-Hours Trading Following Q1 Revenue Miss

Stock Track

05/08

Upwork Inc. (NASDAQ: UPWK) saw its shares plummet 22.71% in post-market trading on Thursday after the company reported its first-quarter 2026 financial results.

The freelance platform reported quarterly earnings of $0.35 per share, beating analyst estimates of $0.27 by 29.63%. However, quarterly sales came in at $195.483 million, slightly missing the consensus estimate of $195.899 million by 0.21%. The company's adjusted EBITDA of $57.4 million also surpassed expectations of $46.5 million.

The market reaction suggests investor focus on the top-line revenue shortfall, despite stronger profitability metrics. The after-hours decline follows the release of the results, which showed a 1.44% year-over-year increase in sales.

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Plunges 22.71% in After-Hours Trading Following Q1 Revenue Miss\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time smaller\">2026-05-08 04:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Upwork Inc. (NASDAQ: UPWK) saw its shares plummet 22.71% in post-market trading on Thursday after the company reported its first-quarter 2026 financial results.</p><p>The freelance platform reported quarterly earnings of $0.35 per share, beating analyst estimates of $0.27 by 29.63%. However, quarterly sales came in at $195.483 million, slightly missing the consensus estimate of $195.899 million by 0.21%. 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