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TASK — Taskus News Story

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TaskUs Q2 revenue up 23.6%, beats estimates

Overview

TaskUs fiscal Q2 revenue grows 23.6% yr/yr, beating analyst expectations, per LSEG data

Adjusted EPS for fiscal Q2 beats consensus, reflecting operational efficiency

Co announces partnerships with Decagon and Regal for AI-powered customer experience

Outlook

Company did not provide specific future financial guidance in its press release

Result Drivers

AI SERVICES - Fastest growing service line for the second consecutive quarter

TRUST + SAFETY - Strong year-over-year revenue growth at nearly 30%

STRATEGIC PARTNERSHIPS - Announced partnerships with Decagon and Regal to enhance AI-powered customer experience

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$294.1 mln$272 mln (5 Analysts)
Q2 Adjusted EPSBeat$0.43$0.34 (5 Analysts)
Q2 Adjusted Net IncomeBeat$39.70 mln$30.70 mln (4 Analysts)
Q2 Adjusted EBITDABeat$65 mln$56.10 mln (4 Analysts)
Q2 Adjusted EBITDA Margin22.1%
Q2 Free Cash Flow$38,000
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell" The average consensus recommendation for the business support services peer group is "buy." Wall Street's median 12-month price target for Taskus Inc is $18.25, about 6.7% above its August 6 closing price of $17.02 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nBw2mdvCGa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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