TaskUs, Inc. reported significant financial growth in its latest quarterly filing, with service revenue reaching $294.1 million for the three months ended June 30, 2025, marking a 23.6% increase from $237.9 million in the same period last year. For the first half of 2025, the company generated $571.9 million in service revenue, a 22.9% rise compared to $465.4 million in the first half of 2024. The net income for the second quarter was $20.0 million, up 59.1% from $12.6 million year-over-year, while net income for the six months increased to $41.2 million from $24.3 million.
The company’s operating expenses also rose, with total operating expenses for the second quarter amounting to $263.7 million, a 22.5% increase from $215.2 million in the prior year. This increase was driven by higher costs in services and selling, general, and administrative expenses. Despite these rising costs, TaskUs achieved an operating income of $30.4 million for the second quarter, up 33.6% from the previous year. Adjusted EBITDA for the quarter was $65.0 million, reflecting a 26.7% increase from $51.3 million in Q2 2024.
In terms of strategic developments, TaskUs announced a merger agreement on May 8, 2025, to be acquired by an affiliate of Blackstone and its co-founders. The agreement stipulates that shareholders will receive $16.50 per share in cash. The merger is expected to close in the second half of 2025, pending regulatory and stockholder approvals. This acquisition is anticipated to streamline operations and enhance the company's market position, although it may also lead to uncertainties regarding client relationships and employee retention during the transition.
Operationally, TaskUs has seen growth in its service offerings, particularly in Trust + Safety and AI Services, which grew by 29.4% and 72.2%, respectively, in the second quarter. The company continues to expand its geographic footprint, with significant revenue contributions from the Philippines, the United States, and India. As of June 30, 2025, TaskUs reported a total employee headcount of 20,000, reflecting its ongoing investment in talent to support its expanding service capabilities.
Looking ahead, TaskUs remains optimistic about its growth trajectory, driven by increasing demand for its digital services and the integration of AI technologies into its operations. However, the company acknowledges potential risks associated with the merger, including the impact on client relationships and operational continuity. The management emphasizes the importance of adapting to market trends and client needs to sustain its competitive edge in the evolving digital landscape.
About TaskUs, Inc.
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