TaskUs Q3 revenue $232.1M (+15.5% YoY), raises FY22 revenue outlook to $949-951M

TaskUs, Inc. (Nasdaq: TASK), a leading provider of digital outsourced services focused on serving high growth technology companies, today announced its results for the third quarter ended September 30, 2022. • Third quarter total revenues of $232.1 million , representing 15.5% of year-over-year growth. • GAAP net income of $5.4 million , GAAP net income margin of 2.3%. • Non-GAAP Adjusted Net Income of $35.8 million , non-GAAP Adjusted Net Income margin of 15.4%. • GAAP diluted earnings per share of $0.05 , non-GAAP Adjusted EPS of $0.35. • Adjusted EBITDA of $55.5 million , Adjusted EBITDA margin of 23.9%. • Net cash provided by operating activities of $41.5 million , Free Cash Flow of $34.8 million and 62.8% conversion of Adjusted EBITDA. • Full year 2022 outlook for revenues increased to between $949 million and $951 million , representing growth of 24.9% at the midpoint, Adjusted EBITDA margin of approximately 23.1%, and Free Cash Flow of approximately $100 million.