NASDAQ$THRY

Thryv Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Thryv grew SaaS revenue and exceeded guidance metrics in Q4 2022.

Thryv Holdings, Inc. reported strong fourth-quarter results, with a 25% year-over-year increase in SaaS revenue. The company exceeded all guidance metrics, reporting strong SaaS revenue growth, improving SaaS Adjusted EBITDA, and increasing marketing services revenue.

  • Total SaaS clients increased 13% year-over-year.
  • SaaS monthly active users increased 37% year-over-year.
  • Total SaaS revenue was $59.3 million, a 24.9% increase year-over-year.
  • Total Marketing Services revenue was $220.1 million, an 11.7% increase year-over-year.

Headline financials

Total Revenue

$279M

Previous: $244M+14.3%
EPS (adj)

$1.51

Previous: $0.13+1061.5%
SaaS Monthly ARPU

$387.00

Previous: $351.00+10.3%
Net Income

-$50.4M

Previous: $5.1M-1089.1%
Operating Income

-$66.8M

Previous: $5.25M-1370.7%
Gross Profit

$179M

Previous: $151M+18.2%
Cash & Equivalents

$16M

Previous: $11.3M+42.3%
Total Assets

$1.18B

Previous: $1.3B-9.4%
Stock-Based Comp

$4.49M

Previous: $1.86M+141.0%

Revenue & EPS history

Thryv · Revenue · Quarterly

$279M

Q4 2022+14.3%vs Q4 2021
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Thryv · $279M total across 2 segments · Q4 2022

  • Marketing Services
    $220M
  • SaaS
    $59.3M

Forward guidance

Thryv is issuing guidance for the full year 2023.

Tailwinds

  • SaaS Revenue $257 to $259 million
  • SaaS Adjusted EBITDA Turns Profitable
  • Marketing Services Revenue $635 - $649 million
  • Marketing Services Adjusted EBITDA $185 - $187 million
  • SaaS Revenue $59.5 - $60.0 million

Headwinds

  • These statements are forward-looking and actual results may materially differ.
  • The Company’s ability to maintain adequate liquidity to fund operations.
  • The Company’s future operating and financial performance.
  • The Company’s ability to consummate acquisitions, or, if consummated, to successfully integrate acquired businesses into the Company’s operations, the Company’s ability to recognize the benefits of acquisitions, or the failure of an acquired company to achieve its plans and objectives
  • Limitations on our operating and strategic flexibility and the ability to operate our business, finance our capital needs or expand business strategies under the terms of our credit facilities

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 Q4 2022

Historical avgQ4 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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