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Dec 31, 2023
TaskUs Q4 2023 Earnings Report
Announced results for the fourth quarter and full year ended December 31, 2023.
Key Takeaways
TaskUs reported a slight decrease in revenue but exceeded guidance for both revenue and Adjusted EBITDA. The company focused on diversifying its client base and investing in technology, including Generative AI applications.
Total revenue was $234.3 million, a year-over-year decrease of 3.3%.
GAAP net income was $16.3 million, with a margin of 6.9%.
Non-GAAP Adjusted EPS was $0.35.
Adjusted EBITDA was $59.0 million, with a margin of 25.2%.
Forward Guidance
For the first quarter of 2024, TaskUs expects revenue between $222.5 million and $224.5 million and Adjusted EBITDA Margin of approximately 22%. For the full year 2024, TaskUs expects revenue between $900 million and $950 million, Adjusted EBITDA Margin between 22% and 23%, and Free Cash Flow between $120 million and $130 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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