TaskUs explained
| TaskUS |
| Industry: | Outsourcing |
| Type: | Public |
| Services: | Content moderation |
| Traded As: | NASDAQ: |
| Founded: | in Santa Monica, California |
| Founders: | Bryce Maddock, Jaspar Weir |
| Hq Location: | New Braunfels, Texas |
| Revenue Year: | 2024 |
| Operating Income: | US$23.56 million |
| Income Year: | 2024 |
| Net Income: | US$11.71 million |
| Net Income Year: | 2024 |
| Assets: | US$874.5 million |
| Assets Year: | 2024 |
| Equity: | US$454.6 million |
| Equity Year: | 2024 |
| Num Employees: | 49,600 |
| Num Employees Year: | 2024 |
| Footnotes: | [1] [2] |
TaskUs, Inc. is an outsourcing company that handles content moderation for companies including Facebook and DoorDash. It was founded by Bryce Maddock and Jaspar Weir in 2008 in Santa Monica, California.
The company moved its headquarters to San Antonio, Texas in 2017, then to New Braunfels, Texas in 2018.[3] Its revenue for the first quarter of 2024 was $227.5 million, dropping 3.3% from its revenue of $235.3 million during the same period last fiscal year.[1] The company's principal operations are in the Philippines, with about 30,400 employees (63% of their total) located there .[2] About 4000 employees are located in the United States.[4] [5] [6] [7]
Early funding included $15 million from Navegar, a private equity fund in the Philippines, and a $14 million loan from Bridge Bank. The Blackstone Group invested $250 million in 2018.[8] [9]
The company had its initial public offering in June 2021; it is traded on NASDAQ as NASDAQ:. Approximately 30% of the company's revenue is from providing content moderation for Facebook, and about 12% is from DoorDash.[10] [11] [12] [13]
Other customers include Coinbase (beginning in 2017), Netflix, Zoom (beginning in 2020), Whisper, Tinder, AutoDesk, and Uber (beginning in 2013).[14]
Notes and References
- Web site: TaskUs, Inc. 2024 Annual Report (Form 8-K). 2024-05-08. U.S. Securities and Exchange Commission. 2024-07-31.
- Web site: TaskUs, Inc. 2023 Annual Report (Form 10-K). 2023-09-06. U.S. Securities and Exchange Commission. 2024-07-31.
- Web site: After moving HQ to Texas from California, TaskUs files for IPO . Garcia, Jeannette E. . Austin Business Journal . 13 April 2021 . 31 August 2021 .
- Web site: Meet the Outsourcing Company Powering Some of the Web's Hottest Startups . Blakely, Lindsay . . June 1, 2016. 31 August 2021 .
- Web site: TaskUs prospectus . sec.gov . 31 August 2021 .
- Web site: TaskUs reports more than 57% year-over-year revenue growth in first earnings report since IPO . Garcia, Jeannette E. . San Antonio Business Journal . 12 August 2021 . 31 August 2021 .
- Web site: Abad. Roderick. BPO firm TaskUs to invest $25M for PH expansion. ABS-CBN. 6 October 2014.
- Web site: TaskUs founders' path to Nasdaq started with high school parties and a yogurt venture in Argentina . Levy . Ari . . 11 June 2021. 31 August 2021 .
- News: TaskUs Attracts $15 Million Strategic Investment from Navegar. 2015-06-09. BusinessWire. 2024-07-31.
- News: Blackstone Weighs Options for Outsourcing Firm TaskUs . Kalesh, Baiju . . 4 February 2021. 31 August 2021 .
- Web site: Research analyst says TaskUs is set to ride a growth wave . Garcia, Jeannette E. . San Antonio Business Journal . 19 April 2021 . 31 August 2021 .
- Web site: TaskUs, Inc. 2021 Annual Report (Form 10-Q) . . 2021-08-11 . 31 August 2021 .
- News: The Silent Partner Cleaning Up Facebook for $500 Million a Year . . 31 August 2021. 31 August 2021 . Satariano. Adam. Isaac. Mike. subscription.
- Web site: New Braunfels' tech firm TaskUs files to go public . Lingle . Brandon . San Antonio Express-News . 13 April 2021. 31 August 2021 .
