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00:02Upwork shares rose on Wednesday after the company announced a new $300 million share
00:07repurchase program approved by its board, according to Benzinga. The move follows a $136
00:13million buyback in 2025 and 2 million shares repurchased for $34 million in the fourth quarter.
00:21As of December 31, 2025, $64 million remained under its prior authorization.
00:27CEO Hayden Brown said 2025 marked a return to gross services volume growth and record
00:33financial results. The company plans to accelerate GSB and revenue growth as it adapts to changes in
00:39the work landscape driven by AI. Upwork will report results on May 4, with estimates of $0.26 in
00:45earnings and $196.45 million in revenue. Shares were up by 7.6% at $13.73 at Wednesday's close,
00:56according to Benzinga Pro. For all things money, visit Benzinga.com.
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