NASDAQ$THRY

Thryv Holdings Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Thryv experienced significant SaaS revenue growth and raised revenue guidance for the full year.

Thryv Holdings, Inc. reported a 41% year-over-year increase in US SaaS revenue for the third quarter of 2021. The company's consolidated total revenue increased by 24% year-over-year, with a consolidated net income of $36 million. Thryv has also raised its 2021 outlook for its SaaS segment.

  • US SaaS revenue increased 41% year-over-year to $45 million.
  • Consolidated total revenue grew 24% year-over-year to $297 million.
  • Consolidated net income was $36 million.
  • SaaS Average Revenue per Unit (ARPU) increased to $340, compared to $260 in the third quarter of 2020.

Headline financials

Total Revenue

$297M

Previous: $240M+23.7%
EPS (adj)

$0.95

Previous: $0.00
SaaS Monthly ARPU

$340.00

No prior period
Free Cash Flow

$35.6M

Previous: -$145K+24668.3%
Net Income

$35.6M

Previous: -$145K+24668.3%
Operating Income

$65.8M

Previous: $21.4M+207.6%
Gross Profit

$193M

Previous: -$87.3M+321.1%
Cash & Equivalents

$10.4M

Previous: $1.77M+485.8%
Total Assets

$1.38B

Previous: $1.21B+13.5%
Stock-Based Comp

$2.34M

Previous: $1.29M+81.5%

Revenue & EPS history

Thryv · Revenue · Quarterly

$297M

Q3 2021+23.7%vs Q3 2020
Beat estimate in 7 of 7 quarters(100%)
ActualEstimate

Revenue by segment

Thryv · $184M total across 2 segments · Q3 2023

  • Marketing Services
    $117M-48.0%
  • SaaS
    $67.4M+19.1%

Forward guidance

The Company is updating guidance for fiscal year 2021.

Tailwinds

  • US SaaS year-over-year revenue guidance was raised to $169 – $171 million, up from the previously-announced $157 - $160 million
  • US Marketing Services revenue range raised to $785 - $790 million, up from the previously-announced $750 - $770 million
  • Thryv International fourth quarter revenue guidance range updated to A$53 million to A$57 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 Q3 2021

Historical avgQ3 2021

-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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