NASDAQ$THRY

Thryv Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Thryv grew SaaS revenue and raised revenue guidance.

Thryv reported a strong first quarter with a 29% year-over-year increase in SaaS revenue and raised revenue guidance for the full year 2022. The company saw an increase in revenue overall and outstanding growth in SaaS revenue, ahead of SaaS revenue guidance targets. They continue to drive new subscribers and expect double-digit subscriber growth in 2022.

  • SaaS revenue grew by 29% year-over-year.
  • Total Marketing Services revenue increased by 6.9% year-over-year.
  • Consolidated total revenue increased by 9.9% year-over-year.
  • SaaS monthly Average Revenue per Unit (ARPU) increased to $352.

Headline financials

Total Revenue

$308M

Previous: $281M+9.9%
EPS (adj)

$0.88

Previous: $1.07-17.8%
SaaS Monthly ARPU

$352.00

Previous: $304.00+15.8%
Free Cash Flow

$33.5M

Previous: $36.5M-8.2%
Net Income

$33.5M

Previous: $36.5M-8.2%
Operating Income

$51.7M

Previous: $64.6M-20.0%
Gross Profit

$198M

Previous: $182M+8.4%
Cash & Equivalents

$21.4M

Previous: $29.8M-28.1%
Total Assets

$1.37B

Previous: $1.54B-11.3%
Stock-Based Comp

$1.93M

Previous: $1.97M-2.2%

Revenue & EPS history

Thryv · Revenue · Quarterly

$308M

Q1 2022+9.9%vs Q1 2021
Beat estimate in 9 of 9 quarters(100%)
ActualEstimate

Revenue by segment

Thryv · $308M total across 2 segments · Q1 2022

  • Marketing Services
    $260M+14.2%
  • SaaS
    $48.2M+29.4%

Forward guidance

Thryv is raising guidance for the second quarter of 2022 and full year 2022.

Tailwinds

  • Total SaaS revenue in a range of $50.5 to $51.0 million for Q2 2022.
  • Total Marketing Services revenue in a range of $255 to $260 million for Q2 2022.
  • Total SaaS revenue in a range of $208 to $209 million for full year 2022.
  • Total Marketing Services revenue in a range of $905 to $920 million for full year 2022.
  • Total Marketing Services Adjusted EBITDA in a range of $315 to $320 million for full year 2022.

Headwinds

  • Total SaaS Adjusted EBITDA loss in a range of $6.0 to $6.5 million for Q2 2022.
  • Total SaaS Adjusted EBITDA loss in a range of $21 to $25 million for full year 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-2.5%

Avg return

Earnings day

-2.9%

Avg return

5 days after

-1.6%

Avg return

30 days after

44%

12 / 27 earnings

Positive

+12.0%

Q3 2023

Best reaction

-46.6%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%+4.1%+6.0%
Q4 2025-46.6%-25.0%-36.5%
Q3 2025-30.8%-43.7%-51.9%
Q1 2025-9.2%-1.3%-2.9%
Q4 2024-6.1%-9.5%-27.7%
Q3 2024-7.8%-7.0%+2.5%
Q2 2024-6.9%-14.8%-6.5%
Q1 2024-9.2%-9.3%-11.0%
Q4 2023-5.9%-3.7%+4.6%
Q3 2023+12.0%+13.3%+12.5%
Q2 2023+1.9%+3.5%-12.4%
Q1 2023-4.8%-7.8%+9.2%
Q4 2022-0.5%-2.7%-9.4%
Q3 2022-12.1%-7.5%-6.4%
Q2 2022+6.1%+9.1%+1.4%
Q1 2022+2.5%-5.1%-2.9%
Q4 2021-0.1%+4.4%-4.2%
Q3 2021+9.8%+9.7%+15.6%
Q2 2020-2.8%-9.2%-14.2%
Q2 2021-2.8%-9.2%-14.2%
Q1 2020+11.5%+8.5%+27.6%
Q1 2021+11.5%+8.5%+27.6%
Q4 2018+6.5%+4.1%+18.0%
Q4 2020+6.5%+4.1%+18.0%
Q3 2020+3.5%+2.3%+4.5%
Q3 2019+3.5%+2.3%+4.5%
Q4 2019+3.5%+2.3%+4.5%
Q4 2017
Q3 2017
Q1 2017
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2012
Q3 2013
Q2 2013
Q2 2012
Q1 2013
Q4 2012

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