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 14 of 15 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 19 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
Q2 2025———
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 2020+6.5%+4.1%+18.0%
Q4 2018+6.5%+4.1%+18.0%
Q3 2020+3.5%+2.3%+4.5%
Q4 2019+3.5%+2.3%+4.5%
Q3 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 2013———
Q3 2012———
Q2 2012———
Q2 2013———
Q1 2013———
Q4 2012———

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