NASDAQ$TASK
TaskUs Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Outperformed revenue and Adjusted EBITDA guidance, saw momentum with largest clients, and strong new client sales.
TaskUs, Inc. announced its Q1 2024 results with total revenues of $227.5 million. The company reported a GAAP net income of $11.7 million, resulting in a GAAP diluted EPS of $0.13. TaskUs is increasing the lower end of its full-year revenue guidance by $25 million, now expecting revenues between $925 million and $950 million for 2024.
- Total revenues reached $227.5 million.
- GAAP net income was $11.7 million, with a net income margin of 5.1%.
- Non-GAAP Adjusted Net Income was $27.3 million, with a margin of 12.0%.
- Adjusted EBITDA stood at $50.6 million, representing a margin of 22.2%.
Headline financials
Revenue & EPS history
TaskUs · Revenue · Quarterly
$227M
Forward guidance
For the second quarter of 2024, TaskUs expects revenues between $230 million and $232 million, with an Adjusted EBITDA margin between 22.0% and 22.5%. For the full year 2024, the company anticipates revenues between $925 million and $950 million and Free Cash Flow between $120 million and $130 million, with Adjusted EBITDA margin between 22% and 23%.
Tailwinds
- Revenue (in millions): $230 to $232 (Second Quarter)
- Revenue (in millions): $925 to $950 (Full Year)
- Revenue change (YoY) at midpoint: 0.8% (Second Quarter)
- Revenue change (YoY) at midpoint: 1.4% (Full Year)
- Adjusted EBITDA Margin: 22.0% to 22.5% (Second Quarter)
- Adjusted EBITDA Margin: 22% to 23% (Full Year)
- Free Cash Flow (in millions): $120 to $130 (Full Year)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+3.2%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.9%
Avg return
30 days after
65%
15 / 23 earnings
Positive
+29.1%
Q3 2022
Best reaction
-22.7%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.5% | -8.3% | -10.3% | |
| Q4 2025 | +0.0% | +2.7% | -39.2% | |
| Q3 2025 | +4.6% | -5.3% | -1.0% | |
| Q1 2025 | +0.3% | -0.8% | -1.0% | |
| Q4 2024 | -7.6% | -13.4% | -12.4% | |
| Q3 2024 | +28.8% | -0.1% | +3.5% | |
| Q2 2024 | +2.3% | -11.3% | -19.5% | |
| Q1 2024 | +5.4% | +12.2% | +13.2% | |
| Q4 2023 | +5.7% | +4.0% | -7.6% | |
| Q3 2023 | +19.7% | +25.2% | +20.3% | |
| Q2 2023 | -17.1% | -13.6% | -21.9% | |
| Q1 2023 | +0.6% | -6.8% | +0.1% | |
| Q4 2022 | -17.0% | -11.9% | -29.5% | |
| Q3 2022 | +29.1% | +31.3% | +12.7% | |
| Q2 2022 | -22.7% | -29.4% | -27.7% | |
| Q1 2021 | -18.4% | -3.1% | -10.5% | |
| Q1 2022 | -22.5% | -12.1% | -10.1% | |
| Q4 2019 | +5.6% | -3.4% | +9.8% | |
| Q4 2021 | +19.7% | +10.3% | +39.9% | |
| Q3 2020 | -0.1% | -7.6% | -33.8% | |
| Q3 2021 | +4.5% | +4.4% | -30.8% | |
| Q4 2020 | +20.7% | +22.4% | +111.2% | |
| Q2 2021 | +27.1% | +29.1% | +112.4% |
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