Back

TaskUs

TaskUS
Company typePublic
Nasdaq: TASK
IndustryOutsourcing
Founded2008 (2008) in Santa Monica, California
FoundersBryce Maddock, Jaspar Weir
HeadquartersNew Braunfels, Texas
Key people
ServicesContent moderation
RevenueDecrease US$227.5 million (2024)
Increase US$23.56 million (2024)
Increase US$11.71 million (2024)
Total assetsIncrease US$874.5 million (2024)
Total equityIncrease US$454.6 million (2024)
Number of employees
49,600 (2024)
Websitewww.taskus.com Edit this on Wikidata
Footnotes / references
[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.[3]

The company moved its headquarters to San Antonio, Texas in 2017, then to New Braunfels, Texas in 2018.[4] 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 as of December 2023.[2] About 4000 employees are located in the United States.[5][6][7][8]

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.[3][5][9]

The company had its initial public offering in June 2021; it is traded on NASDAQ as TASK. 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).[3][5][14]

  1. ^ a b "TaskUs, Inc. 2024 Annual Report (Form 8-K)". U.S. Securities and Exchange Commission. May 8, 2024. Retrieved July 31, 2024.
  2. ^ a b "TaskUs, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. September 6, 2023. Retrieved July 31, 2024.
  3. ^ a b c Levy, Ari (June 11, 2021). "TaskUs founders' path to Nasdaq started with high school parties and a yogurt venture in Argentina". CNBC. Retrieved August 31, 2021.
  4. ^ Garcia, Jeannette E. (April 13, 2021). "After moving HQ to Texas from California, TaskUs files for IPO". Austin Business Journal. Retrieved August 31, 2021.
  5. ^ a b c Blakely, Lindsay (June 1, 2016). "Meet the Outsourcing Company Powering Some of the Web's Hottest Startups". Inc. (magazine). Retrieved August 31, 2021.
  6. ^ "TaskUs prospectus". sec.gov. Retrieved August 31, 2021.
  7. ^ Garcia, Jeannette E. (August 12, 2021). "TaskUs reports more than 57% year-over-year revenue growth in first earnings report since IPO". San Antonio Business Journal. Retrieved August 31, 2021.
  8. ^ Abad, Roderick (October 6, 2014). "BPO firm TaskUs to invest $25M for PH expansion". ABS-CBN.
  9. ^ "TaskUs Attracts $15 Million Strategic Investment from Navegar". BusinessWire. June 9, 2015. Retrieved July 31, 2024.
  10. ^ Kalesh, Baiju (February 4, 2021). "Blackstone Weighs Options for Outsourcing Firm TaskUs". Bloomberg. Retrieved August 31, 2021.
  11. ^ Garcia, Jeannette E. (April 19, 2021). "Research analyst says TaskUs is set to ride a growth wave". San Antonio Business Journal. Retrieved August 31, 2021.
  12. ^ "TaskUs, Inc. 2021 Annual Report (Form 10-Q)". U.S. Securities and Exchange Commission. August 11, 2021. Retrieved August 31, 2021.
  13. ^ Satariano, Adam; Isaac, Mike (August 31, 2021). "The Silent Partner Cleaning Up Facebook for $500 Million a Year". The New York Times. Retrieved August 31, 2021.
  14. ^ Lingle, Brandon (April 13, 2021). "New Braunfels' tech firm TaskUs files to go public". San Antonio Express-News. Retrieved August 31, 2021.

Rich TVX News Network Site

Rich TVX News Network Info

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search