TaskUs Stock Drops Sharply as AI Outsourcing Play Gets Tested Again
TaskUs shares fell 6.3% to $6.06 on the Nasdaq Wednesday, near session lows, as investors reacted to slowing growth and margin pressure despite rising AI services revenue. First-quarter service revenue rose 10.3% to $306.3 million, while adjusted EBITDA margin narrowed to 19.1%. The company reaffirmed its 2026 outlook but guided for slower Q2 growth. Broader tech and outsourcing stocks also declined.