Overview

* TaskUs ( TASK ) Q3 revenue grows 17% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats analyst estimates

* Adjusted EBITDA for Q3 misses analyst expectations

Outlook

* TaskUs ( TASK ) expects Q4 revenue between $302.4 mln and $304.4 mln

* Company anticipates full-year revenue of $1.173 bln to $1.175 bln

* TaskUs ( TASK ) projects full-year Adjusted Free Cash Flow of ~$100 mln

Result Drivers

* AI SERVICES GROWTH - TaskUs' ( TASK ) AI Services segment grew over 50% year-over-year, driving overall revenue growth

* TRUST + SAFETY GROWTH - Trust + Safety services saw nearly 20% year-over-year revenue growth, contributing to overall performance

* INVESTMENT IN AI - TaskUs ( TASK ) plans to increase investments in Generative AI services to support clients in the AI era

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $298.70 $287.40

Revenue mln mln (5

Analysts

)

Q3 Beat $0.42 $0.39 (6

Adjusted Analysts

EPS )

Q3 Beat $39 mln $37.50

Adjusted mln (2

Net Analysts

Income )

Q3 Miss $63.50 $66.90

Adjusted mln mln (2

EBITDA Analysts

)

Q3 21.20%

Adjusted

EBITDA

Margin

Q3 Free $42 mln

Cash

Flow

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 ( TASK ) is $16.50, about 24.3% above its November 6 closing price of $12.49

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)