Financial Data and Key Metrics Changes - In Q3 2024, TaskUs generated $255.3 million in revenue, exceeding the top end of guidance by $9.3 million and marking a 13.2% year-over-year growth [6][9][40] - Adjusted EBITDA for the quarter was $54.2 million, representing a margin of 21.2%, slightly below the guidance of 21.5% [9][52] - The company increased its full-year revenue guidance to between $988 million and $990 million, reflecting a $24 million increase at the midpoint [8][36] Business Line Data and Key Metrics Changes - Revenue from the Digital Customer Experience (DCX) service line was $155.2 million, growing 6.3% year-over-year [41] - Trust and Safety services grew by 30.8% year-over-year, generating $63.7 million in revenue [43][26] - AI services saw a 17.8% year-over-year growth, delivering $36.5 million in revenue [45] Market Data and Key Metrics Changes - Revenue concentration from the largest client increased to approximately 23%, up from 19% in Q3 2023 [46] - The top 20 clients accounted for 68% of total revenue, with strong growth from clients outside the top 20, which grew 7.5% year-over-year [47] - Revenue from U.S. delivery declined by 4% year-over-year, while offshore geographies demonstrated strong growth of approximately 16% [16][48] Company Strategy and Development Direction - The company focuses on four strategic growth levers: taking market share, cross-selling specialized services, diversifying the client base, and leading in AI and automation [8][10] - TaskUs plans to continue investing in operational excellence and specialized service expertise to sustain growth rates [72][88] - The company is prioritizing vertical diversification, particularly in banking, financial services, and healthcare [84] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued revenue growth into Q4, driven by trust and safety and AI services [70] - The company noted that clients are returning to a phase of investing in growth rather than cost reduction, benefiting TaskUs [81] - Management anticipates that the trust and safety service line will continue to grow due to regulatory pressures and increased investments from clients [82] Other Important Information - The company ended Q3 with approximately 54,800 global teammates, an increase of about 3,100 from Q2 [18] - Cash and cash equivalents were $180.4 million as of September 30, 2024, compared to $125.8 million at the end of 2023 [56] - Adjusted free cash flow for the year is expected to be approximately $110 million, implying a conversion rate of over 50% from adjusted EBITDA [60] Q&A Session Summary Question: What are the underlying drivers for continued growth into Q4? - Management expects revenue growth to accelerate due to strong demand in trust and safety and AI services, supported by expanded relationships with the largest client [69] Question: What drove the significant increase in revenue guidance? - The increase is attributed to clients feeling more confident and making investments in generative AI and other initiatives, leading to growth in trust and safety and AI services [76][78] Question: Is there any election-related benefit to trust and safety work? - Yes, there is election-related work, but it is not expected to impact revenues negatively as investments in trust and safety are expected to continue [82] Question: Are there targets for vertical diversification as entering 2025? - The company is focused on expanding in banking and healthcare, with successful client acquisitions in these sectors [83][85] Question: What levers are available to increase margins in 2025? - The primary lever is moving up the value chain in service offerings, focusing on specialized services that command higher pricing [96][97]

Investor Presentation November 7, 2024 Disclaimers This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and further include, without limitation, statements reflecting the current views of TaskUs, Inc. ("TaskUs" or the "Company") with respect to, among other things, our operations, our financial performance, our industry, the impact of the current mac ...

TaskUs (TASK) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.63%. A quarter ago, it was expected that this provider of outsourced digital services would post earnings of $0.31 per share when it actually produced earnings of $0.31, delivering no surprise.Over the last four quarters ...

Financial Performance - Total revenues reached $255.3 million, representing a 13.2% year-over-year growth, exceeding guidance by $9.3 million[2] - Net income was $12.7 million with a net income margin of 5.0%, a 30.0% increase from the previous year[3] - Adjusted EBITDA was $54.2 million, with an Adjusted EBITDA margin of 21.2%, exceeding midpoint guidance by $1.5 million[2] - Adjusted Net Income for Q3 was $34.3 million, with an Adjusted Net Income margin of 13.4%[3] - Net income for the nine months ended September 30, 2024, was $37,011, up 25.8% from $29,413 in the same period of 2023[13] - Net income for Q3 2024 was $12,699,000, up from $9,772,000 in Q3 2023, representing a 29.5% increase[16] - Adjusted Net Income for Q3 2024 was $34,277,000, compared to $29,961,000 in Q3 2023, reflecting a 14.5% growth[16] - Adjusted EPS for Q3 2024 was $0.37, an increase from $0.32 in Q3 2023, marking a 15.6% rise[17] - Net Income Margin for Q3 2024 was 5.0%, up from 4.3% in Q3 2023[16] - Adjusted Net Income Margin for Q3 2024 was 13.4%, slightly up from 13.3% in Q3 2023[16] Revenue Guidance and Projections - Full-year revenue guidance was increased by $64 million since the initial 2024 guidance, now expected to be between $988 million and $990 million[5] - The fourth quarter revenue is projected to be between $267.3 million and $269.3 million, indicating a year-over-year growth of 14.5% at midpoint[6] - Service revenue for Q3 2024 reached $255,345, a 13.2% increase from $225,626 in Q3 2023[11] Cash Flow and Assets - Adjusted Free Cash Flow for the full year is expected to be approximately $110 million[6] - Cash and cash equivalents at the end of Q3 2024 were $180,381, up from $125,776 at the end of 2023, indicating a 43.4% increase[12] - Free Cash Flow for Q3 2024 was $6,286,000, down from $13,823,000 in Q3 2023, indicating a 54.5% decrease[18] - Adjusted Free Cash Flow for Q3 2024 was $9,097,000, compared to $32,164,000 in Q3 2023, a decline of 71.7%[18] Growth and Headcount - The company added 3,100 teammates, bringing the total headcount to 54,800 as of September 30, 2024[4] - The company experienced broad-based growth across client verticals, particularly in Latin America and Europe[5] Debt and Liabilities - The net debt to Adjusted EBITDA leverage ratio was reported at 0.4 times[4] - Total current assets increased to $419,410 as of September 30, 2024, compared to $328,518 at the end of 2023, reflecting a 27.6% growth[12] - Total assets rose to $942,097 from $864,202 at the end of 2023, marking a 9.0% increase[12] - Total liabilities increased to $452,307 as of September 30, 2024, from $423,491 at the end of 2023, reflecting a 6.8% rise[12] Operating Performance - Adjusted EBITDA for Q3 2024 was $54,215, representing a 3.3% increase from $52,452 in Q3 2023[15] - Operating income for Q3 2024 was $24,194, a 5.5% increase from $22,944 in Q3 2023[11] - The company reported a decrease in selling, general, and administrative expenses to $62,650 in Q3 2024 from $57,114 in Q3 2023, a 9.0% increase[11] Currency Impact - The company reported foreign currency losses of $2,490,000 in Q3 2024, compared to $3,494,000 in Q3 2023[16] Conversion Metrics - Conversion of Adjusted EBITDA to Free Cash Flow for Q3 2024 was 11.6%[18] - Conversion of Adjusted EBITDA to Adjusted Free Cash Flow for Q3 2024 was 16.8%[18]

Group 1 - TaskUs reported quarterly earnings of $0.31 per share, matching the Zacks Consensus Estimate, compared to $0.32 per share a year ago [1] - The company posted revenues of $237.93 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 2.93%, and up from $229.17 million year-over-year [2] - TaskUs shares have increased approximately 15.5% since the beginning of the year, outperforming the S&P 500's gain of 9% [3] Group 2 - The earnings outlook for TaskUs is mixed, with the current consensus EPS estimate for the coming quarter at $0.33 on revenues of $234.89 million, and $1.26 on revenues of $937.85 million for the current fiscal year [7] - The Computers - IT Services industry, to which TaskUs belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

https://kaskelalaw.com/cases/taskus/ Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. | --- | |-----------------------------------------------------------------| | | | CONTACT: | | KASKELA LAW LLC | | D. Seamus Kaskela, Esq. | | ([email protected]) Adrienne Bell, Esq. ([email protected]) | | 18 Campus Blvd., Suite 100 | | Newt ...

LOS ANGELES, June 10, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm is investigating potential claims against the board of directors of TaskUs Inc. ("TaskUs" or the "Company") (NASDAQ: TASK) Investors can contact the law firm at no cost to learn more about recovering their losses. TaskUs, Inc. is a business process outsourcer focused on serving high-growth technology companies to represent, protect and grow their brands. TaskUs provides three services to its technology company clients: (1) Digital Customer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________to______________ Commission File Number: 001-40482 _______________________ TaskUs, Inc. (Exact name of r ...

Financial Data and Key Metrics - Q1 2024 revenue was $227.5 million, a 3.3% decline year-over-year but $4 million above the midpoint of guidance [46][103] - Adjusted EBITDA for Q1 was $50.6 million, with a margin of 22.2%, exceeding the guidance of 22% [11][49] - Free cash flow in Q1 was $47.6 million, representing 94.1% of adjusted EBITDA [26] - Full-year 2024 revenue guidance was increased to $925 million to $950 million, with adjusted EBITDA margin expected to remain between 22% and 23% [18][19][52] Business Line Performance - Digital Customer Experience (DCX) revenue declined 8.7% year-over-year to $143.5 million, primarily due to client cost optimization initiatives [21][39] - Trust and Safety revenue grew 36.1% year-over-year to $55.3 million, driven by strong demand from clients in on-demand travel, FinTech, and social media [40][47] - AI Services revenue declined 23.6% year-over-year to $28.7 million, impacted by contractions at the largest client and autonomous vehicle client [22][41] Market Performance - Revenue from Latin America grew over 50% year-over-year, while U.S. revenue declined 45%, now representing 11% of total revenue [4][38] - The Philippines accounted for 58% of total revenue, followed by India (13%) and the rest of the world (18%) [48] - Global headcount increased by 1,400 to approximately 490,600 teammates [4] Strategic Direction and Industry Competition - The company is accelerating investments in sales, marketing, technology, and infrastructure to support growth, while maintaining cost discipline [19][20] - Generative AI initiatives, including TaskGPT and AssistAI, are being deployed to improve efficiency and quality, with early use cases showing measurable benefits [16][17][65] - The company is focusing on cross-selling specialized services, with a 20% year-over-year increase in clients using more than one service [12] Management Commentary on Operating Environment and Future Outlook - Management is cautiously optimistic about the macroeconomic environment, noting that while some clients have slower growth, the majority continue to grow [75] - The company expects year-over-year revenue growth to accelerate in each subsequent quarter of 2024, with a return to growth in Q2 [37] - Demand for trust and safety services is strong, with significant growth in content moderation and risk and response services [58][78] Other Important Information - The company repurchased 300,000 shares at an average price of $11.91 in Q1, with $53.9 million remaining in the buyback authorization [50] - Capital expenditures decreased to $3.6 million in Q1 but are expected to rise to $39 million for the full year to support client ramps [26] - The company was recognized as a leader in Everest Group's Trust and Safety Services PEAK Matrix for the second consecutive year [6] Q&A Session Summary Question: Macroeconomic outlook and demand environment [31][76] - Management noted an acceleration in new client sales and expansions among existing clients, with four of the top five clients expected to grow revenue in 2024 [57] Question: Trust and Safety growth and visibility [77][78] - Trust and safety is driving the improved outlook, with strong demand from social media, FinTech, and generative AI clients [58][79] Question: Impact of generative AI on revenue and efficiency [64][65] - Clients are in the experimental phase with generative AI, but the company expects efficiency gains and increased demand for AI-related services [65][85] Question: Headcount growth and geographic trends [86][67] - Headcount grew sequentially, with strong growth in Latin America, the Philippines, and Europe, expected to continue into the second half of 2024 [67] Question: Crypto and FinTech revenue contribution [91][96] - Crypto and equity trading clients contributed 4% of revenue in Q1, with full-year 2024 expectations at 5% [91] Question: Pricing environment and top client growth [95][96] - Pricing remains stable, with top clients expected to grow revenue, including double-digit growth for two of the top five clients [96] Question: Offshore shift and U.S. revenue outlook [105][111] - The shift to offshore has slowed, with U.S. revenue expected to remain between 10% and 11% of total revenue [105] Question: Industry trends and competitive positioning [112][113] - The company attributes its performance to both industry trends and its ability to take market share from competitors [113]

Exhibit 99.1 TaskUs Announces Fiscal First Quarter 2024 Results NEW BRAUNFELS, Texas, May 8, 2024 — TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world's most innovative companies, today announced its results for the first quarter ended March 31, 2024. "Our teams have continued to deliver in the face of an unpredictable macro environment. As a result of their efforts we, again, outperformed the top end of our revenue and Adjuste ...