TaskUs Reports Surging Revenue, EPS Slip
TaskUs reported record revenue in Q4 2024, but fell short of earnings expectations.
TaskUs (NASDAQ:TASK), a provider of outsourced digital and AI services, announced its fourth-quarter results on February 26, 2025. The report highlights a record Q4 2024 revenue of $274.2 million, surpassing management's guidance of $267.3 to $269.3 million and analyst expectations of $268 million. However, earnings per share (EPS) fell short, with adjusted EPS at $0.31 compared to the $0.3456 estimate, posting an 11.4% year-over-year decrease. Despite these mixed results, the company achieved record revenue, indicating strong demand for its services.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-11-07 earnings report.
TaskUs provides outsourced business processing services, focusing on digital transformation and AI-centric solutions. Its primary service lines include Digital Customer Experience, Trust and Safety, and AI Services. The company highlights its dedication to client diversification, despite revenue concentration risks, with Meta accounting for 19% of its revenue in 2023. The strategic emphasis includes harnessing AI and process automation to improve efficiency and adapting to the digital trends of global markets.
