NASDAQ$TASK
TaskUs Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
TaskUs reported Q4 2022 results, with revenue and adjusted EBITDA above guidance.
TaskUs announced its Q4 2022 results, reporting a total revenue of $242.2 million, a GAAP net income of $15.7 million, and a non-GAAP Adjusted Net Income of $33.3 million. The company's Adjusted EBITDA stood at $57.9 million. TaskUs anticipates revenue between $940 million and $990 million for the full year 2023.
- Q4 total revenue reached $242.2 million, a 6.8% increase year-over-year.
- GAAP net income for Q4 was $15.7 million, with a margin of 6.5%.
- Non-GAAP Adjusted Net Income for Q4 was $33.3 million, with a margin of 13.7%.
- Adjusted EBITDA for Q4 was $57.9 million, representing a margin of 23.9%.
Headline financials
Revenue & EPS history
TaskUs · Revenue · Quarterly
$242M
Forward guidance
TaskUs expects revenue between $940 million and $990 million for the full year 2023, representing growth of approximately 0.5% at the midpoint, and an Adjusted EBITDA margin of approximately 23%.
Tailwinds
- Full year 2023 revenue is expected to be between $940 million and $990 million.
- Revenue growth for full year 2023 is projected to be approximately 0.5% at the midpoint.
- Adjusted EBITDA Margin is anticipated to be around 23% for the full year 2023.
- Free Cash Flow (excluding heloo earn-out payment) is expected to be $100+ million for the full year 2023.
- Net cash provided by operating activities for the full year 2023 (excluding the impact from the heloo earn-out) is expected to be approximately $150 million.
Headwinds
- First quarter 2023 revenue is projected to be between $231 million and $233 million.
- Revenue growth for the first quarter 2023 is expected to be (3.2)% at the midpoint.
- Adjusted EBITDA Margin for the first quarter 2023 is anticipated to be approximately 21%.
- Purchase of property and equipment is expected to be approximately $50 million for the full year 2023.
- The earn-out associated with the heloo acquisition is expected to be a maximum of €20.0 million.
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 Q4 2022
+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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