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Sep 30, 2021
TaskUs Q3 2021 Earnings Report
Reported a revenue increase of 64.2% year-over-year, driven entirely by organic growth and achieved an Adjusted EBITDA margin of 23.9%.
Key Takeaways
TaskUs announced strong Q3 2021 results, with revenue reaching $201.1 million, a 64.2% increase year-over-year. The company's GAAP net income was $11.6 million, and Adjusted EBITDA was $48.1 million, representing a margin of 23.9%.
Total revenues reached $201.1 million, a 64.2% year-over-year growth.
GAAP net income margin was 5.8%, including $19.2 million in non-cash stock-based compensation expense.
Adjusted EBITDA margin stood at 23.9%, with a non-GAAP adjusted net income margin of 16.3%.
The company ended the quarter with 35,600 teammates, a net increase of approximately 4,100 from the previous quarter.
Forward Guidance
TaskUs expects revenue between $213 million and $217 million for the fourth quarter, and between $747 million and $751 million for the full year 2021. Adjusted EBITDA margin is expected to be between 22.0% and 23.3% for the fourth quarter, and between 24.0% and 24.2% for the full year.
Positive Outlook
- Revenue for the fourth quarter is projected to be between $213 million and $217 million.
- Full year revenue is expected to be between $747 million and $751 million.
- Year-over-year revenue growth at the midpoint is anticipated to be 54.9% for the fourth quarter.
- Full year revenue growth is projected to be approximately 56.7% at the midpoint.
- Adjusted EBITDA margin is expected to range from 22.0% to 23.3% for the fourth quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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