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Thryv Holdings (THRY)
NASDAQ:THRY
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.17Last Year’s EPS
0.22Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -9.51%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in the SaaS segment with significant revenue and subscriber growth, enhanced margins, and successful integration of the Keap acquisition. However, the decline in marketing services and anticipated temporary increase in leverage highlight ongoing challenges. Despite these challenges, the positive momentum in the SaaS business and strategic focus on growth suggest an overall optimistic outlook.Company Guidance
During the Thryv Fourth Quarter and Full Year 2024 Earnings Call, guidance for 2025 included projections for the SaaS and Marketing Services segments. Thryv expects total SaaS revenue for 2025 to be between $464.5 million and $474 million, reflecting Thryv SaaS revenue growth of 35% to 38%. The Keap acquisition is anticipated to contribute $75 million to $78 million to the full year's revenue. SaaS adjusted EBITDA is projected to range from $69.5 million to $71 million, implying a margin of 15%. For Marketing Services, full-year revenue guidance is set between $310 million and $314 million, with adjusted EBITDA expected to be between $77.5 million and $78.5 million. The company also plans to decommission legacy systems through 2025, with an eye on exiting the marketing services business by 2028. This strategic transition aims to improve liquidity and support Thryv's focus on a fully SaaS-based model while maintaining financial discipline through continued debt prepayment.SaaS Revenue Growth
Total SaaS reported year-over-year revenue growth was 41% for the quarter, with Thryv SaaS revenue growth at 23% when normalized for the Keap acquisition.
Subscriber Growth
SaaS subscribers grew 50% year-over-year to 99,000. Including Keap, the subscriber base is now 114,000.
Adjusted Gross Margin Improvement
SaaS adjusted gross margin increased to 76% for the fourth quarter, showing significant growth from the previous year.
SaaS EBITDA Performance
Quarterly SaaS EBITDA was $17 million, beating guidance by over $5 million.
Keap Acquisition Synergies
$10 million of EBITDA synergies have been realized following the acquisition of Keap.
Net Debt Reduction
Net debt position decreased by $61 million year-over-year, with a leverage ratio of 1.63 times net debt to EBITDA.
Rule of 40 Achievement
SaaS business achieved Rule of 40 for the second consecutive quarter.
G2 Award
Thryv received an award for best software by G2, validating the quality and ease of use of its software.
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THRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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THRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $18.61 | $17.47 | -6.13% |
| Nov 07, 2024 | $15.59 | $15.14 | -2.89% |
| Aug 01, 2024 | $19.48 | $18.73 | -3.85% |
| May 02, 2024 | $23.68 | $24.17 | +2.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Thryv Holdings (THRY) report earnings?
Thryv Holdings (THRY) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Thryv Holdings (THRY) earnings time?
Thryv Holdings (THRY) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is THRY EPS forecast?
THRY EPS forecast for the fiscal quarter 2025 (Q1) is -0.17.
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