NASDAQ$THRY
Thryv Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Thryv reported a decrease in consolidated total revenue but grew SaaS revenue. Net income decreased compared to the same quarter last year, but SaaS Adjusted EBITDA exceeded guidance.
Thryv Holdings, Inc. reported SaaS revenue growth of 25% year-over-year in the second quarter of 2024. The company ended the quarter with 85,000 SaaS clients, a 52% increase year-over-year. Consolidated total revenue was $224.1 million, an 11% decrease year-over-year, and consolidated net income was $5.5 million.
- SaaS revenue grew 25% year-over-year.
- SaaS subscribers increased by 52% year-over-year, reaching 85,000 clients.
- More than 10% of current clients have two or more paid centers, up from 2% last year.
- Total Marketing Services revenue was $146.3 million, a 23% decrease year-over-year.
Headline financials
Revenue & EPS history
Thryv · Revenue · Quarterly
$224M
Revenue by segment
Thryv · $184M total across 2 segments · Q3 2023
- Marketing Services$117M-48.0%63.3%
- SaaS$67.4M+19.1%36.7%
Forward guidance
Thryv issued guidance for the third quarter and full year 2024.
Tailwinds
- SaaS Revenue for Q3 2024 is expected to be in the range of $82 million to $84 million.
- SaaS Revenue for the full year 2024 is expected to be in the range of $326 million to $329 million.
- SaaS Adjusted EBITDA for Q3 2024 is expected to be in the range of $9 million to $10 million.
- SaaS Adjusted EBITDA for the full year 2024 is expected to be in the range of $30 million to $32 million.
- Marketing Services Revenue for the full year 2024 is expected to be in the range of $485 million to $492 million.
Headwinds
- Marketing Services Revenue for Q3 2024 is expected to be in the range of $94 million to $97 million.
- Marketing Services Revenue for Q4 2024 is expected to be in the range of $85 million to $89 million.
- Marketing Services Adjusted EBITDA for the full year 2024 is expected to be in the range of $128 million to $131 million.
- SaaS Adjusted EBITDA for Q3 2024 is expected to be in the range of $9 million to $10 million.
- SaaS Adjusted EBITDA for the full year 2024 is expected to be in the range of $30 million to $32 million.
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 2024
-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
| Quarter | Report date | Reaction (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% | |
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