NASDAQ$THRY

Thryv Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Grew SaaS revenue and raised revenue and EBITDA guidance.

Thryv Holdings, Inc. reported a strong third quarter with SaaS revenue growth of 26% year-over-year, exceeding SaaS guidance targets and increased guidance for full year 2022 SaaS revenue and Marketing Services revenue and Adjusted EBITDA.

  • SaaS revenue grew 26% year-over-year.
  • Subscribers and ARPU both grew at double digits year-over-year.
  • Increased guidance for full year 2022 SaaS revenue and Marketing Services revenue and Adjusted EBITDA.
  • Opened regional HQ in Toronto, hired Canadian sales team and key partnerships with GetinTheLoop and the Canadian Franchise Association.

Headline financials

Total Revenue

$281M

Previous: $297M-5.6%
EPS (adj)

$0.37

Previous: $0.95-61.1%
SaaS Monthly ARPU

$377.00

Previous: $340.00+10.9%
Free Cash Flow

$13.3M

Previous: $35.6M-62.7%
Net Income

$13.3M

Previous: $35.6M-62.7%
Operating Income

$31.1M

Previous: $65.8M-52.8%
Gross Profit

$176M

Previous: $193M-9.1%
Cash & Equivalents

$14.3M

Previous: $10.4M+38.0%
Total Assets

$1.29B

Previous: $1.38B-6.4%
Stock-Based Comp

$4.4M

Previous: $2.34M+88.1%

Revenue & EPS history

Thryv · Revenue · Quarterly

$281M

Q3 2022-5.6%vs Q3 2021
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Thryv · $281M total across 2 segments · Q3 2022

  • Marketing Services
    $224M
  • SaaS
    $56.6M

Forward guidance

For the fourth quarter of 2022, the Company expects: Total SaaS revenue in a range of $57.0 to $58.0 million, Total SaaS Adjusted EBITDA loss in a range of $3.4 to $4.4 million and Total Marketing Services revenue in a range of $199.0 to $209.0 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 2022

Historical avgQ3 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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