NASDAQ$THRY

Thryv Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Thryv's second quarter results were released, showing revenue growth and increased adoption of its SaaS platform.

Thryv reported a 14.8% increase in consolidated revenue, driven by growth in both SaaS and Marketing Services. The company is also raising its full year guidance.

  • Total SaaS revenue increased by 26.1% year-over-year.
  • Total Marketing Services revenue increased by 12.9% year-over-year.
  • SaaS Monthly Active Users (MAU) grew by 27% year-over-year.
  • SaaS Net Dollar Retention (NDR) reached 96%.

Headline financials

Total Revenue

$334M

Previous: $291M+14.8%
EPS (adj)

$1.61

Previous: $0.72+123.6%
SaaS Monthly ARPU

$0.00

No prior period
Free Cash Flow

$58M

Previous: $24.4M+138.1%
Net Income

$58M

Previous: $24.4M+138.1%
Operating Income

$83.3M

Previous: $54.3M+53.3%
Gross Profit

$228M

Previous: $178M+27.8%
Cash & Equivalents

$13.7M

Previous: $15.8M-12.9%
Total Assets

$1.32B

Previous: $1.41B-6.5%
Stock-Based Comp

$3.81M

Previous: $1.92M+98.3%

Revenue & EPS history

Thryv · Revenue · Quarterly

$334M

Q2 2022+14.8%vs Q2 2021
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Thryv · $334M total across 2 segments · Q2 2022

  • Marketing Services
    $282M+12.9%
  • SaaS
    $52.2M+26.1%

Forward guidance

The company provided guidance for Q3 2022 and FY 2022, raising guidance from previous range.

Tailwinds

  • Total SaaS Revenue: $53.7 to $54.2 million for Q3 2022 and $209.5 to $211.0 million for FY 2022, raised from previous guidance.
  • Adjusted EBITDA: $4.8 to $5.3 million loss for Q3 2022 and $16.0 to $19.0 million loss for FY 2022, improved from previous guidance.
  • Total Marketing Services Revenue: $205.0 to $210.0 million for Q3 2022 and $955.0 to $970.0 million for FY 2022, raised from previous guidance.
  • Adjusted EBITDA: $335.0 to $340.0 million for FY 2022, raised from previous guidance.
  • Company expects FY22 Marketing Services EBITDA margin of ~35%

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 Q2 2022

Historical avgQ2 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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