Taskus, Inc. Class A ( (TASK) ) has released its Q4 earnings. Here is a breakdown of the information Taskus, Inc. Class A presented to its investors.
TaskUs, Inc. is a prominent provider of outsourced digital services and next-generation customer experience solutions, catering to innovative companies across various fast-growing sectors such as social media, e-commerce, and technology. With a global presence, TaskUs operates in 28 locations across 12 countries, employing approximately 59,000 people.
TaskUs recently reported its fiscal fourth-quarter and full-year 2024 results, showcasing significant growth and setting new company records. The company achieved a 17.1% year-over-year revenue growth in the fourth quarter, reaching $274.2 million, and a full-year revenue of $995 million, marking the highest revenue quarter in its history.
Key financial highlights include a net income of $8.9 million for the fourth quarter and $45.9 million for the full year. Despite a decline in net income margin to 3.2% in the fourth quarter, TaskUs maintained a strong adjusted EBITDA of $53.8 million, with a margin of 19.6%. The company also reported a free cash flow of $20.4 million, with a conversion rate of 37.9% from adjusted EBITDA.
Looking forward, TaskUs aims to sustain its growth momentum into 2025, projecting total revenue to range between $1.095 billion and $1.125 billion, with an adjusted EBITDA margin of approximately 21%. The company remains focused on expanding its client base and enhancing its service offerings to drive continued success in the coming year.