TaskUs Inc. (TASK) saw its stock soar 7.1% in after-hours trading on Wednesday, following the release of its fourth-quarter and full-year 2024 financial results. The surge was driven by the company's strong performance and upbeat guidance for 2025.
TaskUs reported a 17.1% year-over-year increase in Q4 revenue to $274.2 million, exceeding analysts' expectations. The company's net income for the quarter stood at $8.9 million, or $0.10 per diluted share, while adjusted earnings per share came in at $0.31, slightly missing estimates.
For the full year 2024, TaskUs achieved record revenue of $995 million, representing a 7.6% increase from the previous year. The company's adjusted EBITDA margin for 2024 was 21.1%, highlighting its operational efficiency and profitability.
The strong financial performance was accompanied by raised guidance for 2025. TaskUs expects full-year revenue to range between $1.095 billion and $1.125 billion, representing an 11.6% year-over-year growth at the midpoint. The company also anticipates an adjusted EBITDA margin of approximately 21% and adjusted free cash flow of around $100 million for 2025.
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