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 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Thryv · $210M total across 2 segments · Q2 2025

  • SaaS
    $115M—
  • Marketing Services
    $95.5M—

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 19 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
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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