SaaS Revenue Growth
SaaS reported revenue was $115.9 million in the third quarter, representing an increase of 33% year-over-year.
AI Integration and Innovation
Thryv is rolling out AI features like social captioning, review response suggestions, and AI-driven website building, enhancing both internal processes and customer offerings.
Vertical Market Success
The HVAC vertical initiative showed a 10% lift in jobs booked and a 25% increase in total revenue for pilot customers.
Strong Adjusted EBITDA
SaaS adjusted EBITDA increased to $19.6 million with an adjusted EBITDA margin of 17%.
Free Cash Flow Improvement
Generated free cash flow of $14.6 million in the third quarter, bringing year-to-date free cash flow to $18.8 million.