TaskUs Q2 revenue beats guidance, raises full-year outlook

Earnings
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Summary · why it matters

TaskUs reported second-quarter revenue of $308.9 million, up 5% year over year and $10.9 million above the top end of its guidance, while raising its full-year revenue outlook to between $1.22 billion and $1.24 billion. Adjusted EBITDA was $57.7 million, an 18.7% margin that exceeded guidance by 70 basis points, and adjusted free cash flow was $36.4 million. AI services revenue grew 25.8% to $66.1 million, marking the seventh consecutive quarter as the company's fastest-growing service line, while digital customer experience revenue rose 6.4% to $175.7 million and trust and safety revenue fell 12.3% to $67.1 million. Revenue from the largest client declined 22%, reducing its concentration to 20% from 26% a year earlier, but revenue excluding that client grew approximately 15%. The company also increased its full-year adjusted free cash flow guidance by about 5% to $110 million to $120 million and expects third-quarter revenue of $300 million to $302 million.

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Artificial Intelligence · 1 stocks
Taskus Inc
TASK
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Q2 revenue beat guidance and full-year outlook raised, with strong AI services growth and improved cash flow guidance.