NASDAQ$THRY
Thryv Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported SaaS revenue growth of 25% year-over-year and exceeded full-year SaaS guidance. Q4 SaaS Adjusted EBITDA exceeded the midpoint of guidance by over $2.75 million and NDR increased 400 bps sequentially to 96%.
Thryv Holdings, Inc. reported strong Q4 2023 results with SaaS revenue growth of 25% year-over-year. The company exceeded its SaaS Adjusted EBITDA guidance and generated strong free cash flow, enabling a $120 million debt paydown.
- Total SaaS revenue was $74.0 million, a 25% increase year-over-year.
- Total Marketing Services revenue was $162.2 million, a 26% decrease year-over-year.
- Consolidated total revenue was $236.2 million, a decrease of 15% year-over-year.
- Consolidated net loss was $257.5 million, or $(7.39) per diluted share, including a non-cash charge of $268.8 million related to goodwill impairment.
Headline financials
Revenue & EPS history
Thryv · Revenue · Quarterly
$236M
Revenue by segment
Thryv · $184M total across 2 segments · Q3 2023
- Marketing Services$117M-48.0%63.3%
- SaaS$67.4M+19.1%36.7%
Forward guidance
Thryv provided guidance for Q1 2024 and full year 2024.
Tailwinds
- SaaS Revenue Q1 2024: $73 - $74 million
- SaaS Revenue FY2024: $325 - $328 million
- SaaS Adjusted EBITDA Q1 2024: $6 - $7 million
- SaaS Adjusted EBITDA FY2024: $26 - $29 million
- Marketing Services Revenue FY2024: $495 - $505 million
Headwinds
- Marketing Services Revenue Q1 2024: $152 - $155 million
- Marketing Services Revenue Q2 2024: $146 - $149 million
- Marketing Services Revenue Q3 2024: $99 - $101 million
- Marketing Services Revenue Q4 2024: $98 - $100 million
- Marketing Services Adjusted EBITDA: $132 - $135 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 Q4 2023
-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
| Quarter | Report date | Reaction (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% | |
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