NASDAQ$THRY

Thryv Holdings Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Thryv grew SaaS profitability and raised full-year 2023 guidance.

Thryv's Q2 2023 results showed a 20% year-over-year increase in SaaS revenue and expanded SaaS EBITDA margins to 10%. The company launched Thryv Command Center to drive product-led growth and raised its full-year guidance for SaaS revenue and EBITDA.

  • SaaS revenue grew by 20% year-over-year.
  • SaaS EBITDA margins expanded to 10%.
  • Thryv Command Center was launched to drive product-led growth.
  • Full-year guidance for SaaS revenue and EBITDA was raised.

Headline financials

Total Revenue

$251M

Previous: $334M-24.7%
EPS (adj)

$0.43

Previous: $1.61-73.3%
SaaS Monthly ARPU

$377.00

Previous: $0.00
Free Cash Flow

$16M

Previous: $58M-72.5%
Net Income

$16M

Previous: $58M-72.5%
Operating Income

$30.7M

Previous: $83.3M-63.1%
Gross Profit

$160M

Previous: $228M-29.8%
Cash & Equivalents

$15.2M

Previous: $13.7M+10.9%
Total Assets

$1.1B

Previous: $1.32B-16.6%
Stock-Based Comp

$5.8M

Previous: $3.81M+52.2%

Revenue & EPS history

Thryv · Revenue · Quarterly

$251M

Q2 2023-24.7%vs Q2 2022
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Thryv · $252M total across 2 segments · Q2 2023

  • Marketing Services
    $189M-32.9%
  • SaaS
    $62.5M+19.7%

Forward guidance

Thryv issued guidance for the third quarter and full year of 2023.

Tailwinds

  • SaaS Revenue 3rd Quarter 2023: $66.5 - $67.0 million
  • SaaS Revenue Full Year 2023: $258 to $260 million
  • Marketing Services Revenue 3rd Quarter 2023: $114 - $118 million
  • Marketing Services Revenue 4th Quarter 2023: $166 - $170 million
  • Marketing Services Revenue Full Year 2023: $653 - $663 million

Headwinds

  • SaaS Adjusted EBITDA 3rd Quarter 2023: $(3.5) - $(4.0) million
  • SaaS Adjusted EBITDA Full Year 2023: $7 - $8 million
  • Marketing Services Adjusted EBITDA Full Year 2023: $187 - $190 million
  • The forward-looking statements are subject to risks and uncertainties.
  • Actual results may differ materially from the forward-looking statements.

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 2023

Historical avgQ2 2023

-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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