NASDAQ$THRY

Thryv Holdings Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Thryv accelerated SaaS revenue growth and achieved the "Rule of 40" in Q3 2024.

Thryv reported a strong third quarter with SaaS revenue growth of 29% year-over-year and record SaaS margins. The company reported 45% year-over-year growth in SaaS clients and achieved the 'Rule of 40'. The acquisition of Keap is expected to expand Thryv's marketing and sales solutions.

  • SaaS revenue increased by 29% year-over-year.
  • Marketing Services revenue decreased by 20% year-over-year.
  • Seasoned NDR increased 900 bps year-over-year to 101%.
  • Total SaaS clients increased 45% year-over-year.

Headline financials

Total Revenue

$180M

Previous: $184M-2.2%
EPS

-$2.65

Previous: -$0.78-239.7%
SaaS Adj EBITDA Margin

11.8%

No prior period
Consolidated Adjusted EBITDA

$19.6M

No prior period
Consolidated Adj EBITDA Margin

10.9%

No prior period
SaaS Adjusted EBITDA

$10.3M

No prior period
Marketing Services Adj EBITDA

$9.31M

No prior period
Marketing Services Adj EBITDA Margin

10.0%

No prior period
Consolidated Adjusted Gross Profit

$117M

No prior period
Consolidated Gross Margin

62.3%

No prior period
Consolidated Adj Gross Margin

65.0%

No prior period
SaaS Gross Profit

$60.6M

No prior period
SaaS Gross Margin

69.6%

No prior period
SaaS Adjusted Gross Profit

$62.9M

No prior period
SaaS Adj Gross Margin

72.2%

No prior period
Marketing Services Gross Profit

$51.4M

No prior period
Marketing Services Gross Margin

55.4%

No prior period
Marketing Services Adj Gross Profit

$54M

No prior period
Marketing Services Adj Gross Margin

58.1%

No prior period
SaaS Clients

96.3K

No prior period
SaaS Monthly ARPU

$306.00

Previous: $365.00-16.2%
Capital Expenditures

-$8.5M

Previous: -$8.9M+4.5%
Free Cash Flow

-$96.1M

Previous: -$27M-255.2%
Net Income

-$96.1M

Previous: -$27M-255.2%
Operating Income

-$88.6M

Previous: -$19.4M-357.1%
Gross Profit

$112M

Previous: $104M+8.0%
Cash & Equivalents

$12.5M

Previous: $14.7M-15.1%
Total Assets

$655M

Previous: $1.04B-37.1%
Stock-Based Comp

$6.01M

Previous: $5.46M+10.1%

Revenue & EPS history

Thryv · Revenue · Quarterly

$180M

Q3 2024-2.2%vs Q3 2023
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Thryv issued guidance for the fourth quarter and full year 2024.

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 2024

Historical avgQ3 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

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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