The earnings call presented a largely positive sentiment with significant achievements such as surpassing the 'pinch point,' strong SaaS revenue growth, and successful product innovations like vertical solutions. However, challenges in the Keep business and a strategic decline in marketing services were noted.

Company Guidance

During Thryv Holdings' Second Quarter 2025 Earnings Conference Call, the company provided robust guidance and highlighted significant metrics. Thryv reported SaaS revenue of $115 million, reaching the top end of their guidance range and indicating a 48% year-over-year increase, with Keep contributing $17.7 million. Excluding Keep, Thryv's SaaS business grew by 25% year-over-year. The SaaS adjusted gross margin increased by 430 basis points to 74%, with adjusted EBITDA reaching $23.4 million, resulting in a record adjusted EBITDA margin of 20%. The company ended the quarter with 106,000 SaaS subscribers, including 14,000 from Keep, marking a 25% increase year-over-year. Thryv's ARPU rose to $352, with Thryv at $340 and Keep's ARPU at $431. The net revenue retention remained strong at 103%, with clients using multiple products increasing to 19%. Thryv's leverage ratio improved to 2.2x, with net debt reduced by $24 million to $274 million. The company expects third-quarter SaaS revenue between $116 million and $117 million, and full-year SaaS revenue between $460 million and $465 million. Full-year SaaS adjusted EBITDA guidance was raised to a range of $70.5 million to $73.5 million, while Marketing Services revenue guidance was adjusted to between $323 million and $325 million, with an adjusted EBITDA range of $78.5 million to $80.5 million.

Successful Navigation of Financial 'Pinch Point'

Thryv Holdings successfully navigated a challenging financial period, reducing leverage significantly with net debt down by $24 million to $274 million, and achieving a lower required amortization of $35 million per year moving forward.

Strong SaaS Revenue and Growth

SaaS revenue reached $115 million in Q2, marking a 48% increase year-over-year, with Thryv's SaaS business (excluding Keep) growing 25% year-over-year.

Record SaaS Adjusted EBITDA Margin

SaaS adjusted EBITDA increased to $23.4 million, resulting in a record adjusted EBITDA margin of 20%, exceeding guidance.

Rising Average Revenue Per User (ARPU)

Thryv's ARPU is currently $4,200 annually and is expected to grow to $8,000 in the coming years. Seasoned clients spend $5,400 annually, and U.S. direct channel clients spend about $6,000 annually.

Introduction of Vertical Solutions

Thryv introduced a vertical solution for HVAC, leveraging Keep's automation tools, and has seen early success, indicating potential for similar vertical strategies.

Thryv Holdings (THRY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

THRY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.25 / -	-2.65	―	―	―
Jul 30, 2025	2025 (Q2)	0.29 / 0.31	0.15	106.67% (+0.16)
May 01, 2025	2025 (Q1)	-0.14 / -0.22	0.22	-200.00% (-0.44)
Feb 27, 2025	2024 (Q4)	-0.15 / 0.19	-7.39	102.57% (+7.58)
Nov 07, 2024	2024 (Q3)	-0.08 / -2.65	-0.78	-239.74% (-1.87)
Aug 01, 2024	2024 (Q2)	0.45 / 0.15	0.43	-65.12% (-0.28)
May 02, 2024	2024 (Q1)	0.40 / 0.22	0.25	-12.00% (-0.03)
Feb 22, 2024	2023 (Q4)	0.40 / -7.39	-1.47	-402.72% (-5.92)
Nov 02, 2023	2023 (Q3)	-0.69 / -0.78	0.37	-310.81% (-1.15)
Aug 03, 2023	2023 (Q2)	0.58 / 0.43	1.61	-73.29% (-1.18)

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

THRY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$12.14	$13.06	+7.58%
May 01, 2025	$13.70	$12.44	-9.20%
Feb 27, 2025	$18.61	$17.47	-6.13%
Nov 07, 2024	$15.59	$15.14	-2.89%

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.

FAQ

When does Thryv Holdings (THRY) report earnings?

Thryv Holdings (THRY) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Thryv Holdings (THRY) earnings time?

Thryv Holdings (THRY) earnings time is at Nov 06, 2025, Before Open (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 (Q3) is 0.25.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing