Upwork shares surge 11.58% after-hours after reporting record Q3 revenue, profit margins, and raising full-year guidance.

Upwork Inc. (UPWK) surged 11.58% in after-hours trading following the release of its record-breaking third-quarter 2025 financial results. The company reported $201.7 million in revenue, a 4% year-over-year increase, alongside a 38% rise in adjusted EBITDA to $59.6 million and a 15% profit margin. Management highlighted strong AI-driven growth, with GSV from AI-related work accelerating 53% year-over-year, and raised full-year revenue and EBITDA guidance. The launch of Lifted, an enterprise-focused subsidiary, and the introduction of AI-powered tools like Uma Recruiter for SMBs further signaled long-term strategic momentum. Additionally, the company announced a $100 million share repurchase authorization, reinforcing confidence in its cash flow and profitability. These results and strategic advancements directly aligned with the stock’s sharp after-hours rally.