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Mar 31, 2022
TaskUs Q1 2022 Earnings Report
Reported a year-over-year organic revenue growth and acquisition of heloo.
Key Takeaways
TaskUs reported a strong first quarter with a 56.8% year-over-year organic revenue growth, reaching $239.7 million. The company's GAAP net income was $11.586 million, with a margin of 4.8%. Adjusted EBITDA stood at $54.131 million, representing a 22.6% margin. The company also provided full year 2022 revenue outlook between $980 million and $1,000 million.
Total revenues reached $239.7 million, a 56.8% increase year-over-year.
GAAP net income margin was 4.8%, including $19.6 million in non-cash stock-based compensation expense.
Adjusted EBITDA margin was 22.6%, and non-GAAP adjusted net income margin was 14.6%.
The company ended the quarter with 45,800 teammates, a net increase of approximately 5,700 from the previous quarter.
Forward Guidance
TaskUs expects revenue between $241.5 million and $243.5 million for the second quarter of 2022 and between $980 million and $1,000 million for the full year 2022. The adjusted EBITDA margin is expected to be 22.5% for the second quarter and approximately 23% for the full year.
Positive Outlook
- Revenue (in millions) $241.5 to $243.5
- Revenue (in millions) $980 to $1,000
- Revenue growth (YoY) at midpoint 35%
- Revenue growth (YoY) at midpoint 30%
- Adjusted EBITDA Margin 22.5%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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