Significant Revenue Growth
Thryv reported a 50% year-over-year revenue growth in Q1 2025. When normalized for the Keap acquisition, this growth was 24%.
SaaS Transformation Milestone
SaaS revenue accounted for 61% of total revenue, marking a significant transition towards a SaaS business model.
Subscriber and ARPU Growth
Subscriber growth was 37%, bringing the total to 96,000, or 111,000 when including Keap subscribers. ARPU increased to $335, and retention rates are solid, with a net revenue retention rate of 103%.
Successful Keap Acquisition
Keap contributed $18.9 million in Q1 revenue, and the acquisition is progressing well, with partners showing interest in the full Thryv product catalog.
Improved Adjusted EBITDA
Total SaaS adjusted EBITDA increased to $10.8 million, with an adjusted EBITDA margin of 10%.