NASDAQ$THRY

Thryv Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Thryv reported Q4 2024 consolidated revenue of $186.6M with net income of $7.9M.

Total SaaS revenue was $104.3 million (+41% YoY) and consolidated revenue was $186.6 million. Net income was $7.9 million ($0.19 diluted EPS) versus a large prior-year loss tied to Keap integration. SaaS adjusted EBITDA margin reached 16.6% in the quarter.

  • Q4 total SaaS revenue $104.3M (+41% YoY).
  • Consolidated revenue $186.6M.
  • Net income $7.9M; EPS $0.19.
  • Keap integration expanded SaaS subscriber base.

Headline financials

Total Revenue

$187M

Previous: $236M-21.0%
EPS (adj)

$0.19

Previous: $0.32-40.6%
SaaS Adj EBITDA Margin

16.6%

No prior period
SaaS revenue ex-Keap

$90.9M

No prior period
Consolidated Adjusted EBITDA

$29.4M

No prior period
Consolidated Adj EBITDA Margin

15.7%

No prior period
SaaS Adjusted EBITDA

$17.3M

No prior period
Marketing Services Adj EBITDA

$12.1M

No prior period
Marketing Services Adj EBITDA Margin

14.7%

No prior period
Consolidated Adjusted Gross Profit

$128M

No prior period
Consolidated Gross Margin

65.9%

No prior period
Consolidated Adj Gross Margin

68.5%

No prior period
SaaS Gross Profit

$76.2M

No prior period
SaaS Gross Margin

73.1%

No prior period
SaaS Adjusted Gross Profit

$79.2M

No prior period
SaaS Adj Gross Margin

75.9%

No prior period
Marketing Services Gross Profit

$46.8M

No prior period
Marketing Services Gross Margin

56.9%

No prior period
Marketing Services Adj Gross Profit

$48.7M

No prior period
Marketing Services Adj Gross Margin

59.2%

No prior period
Net Income

$7.9M

Previous: -$258M+103.1%
Operating Income

-$7.2M

Previous: -$242M+97.0%
Gross Profit

$123M

Previous: $160M-23.0%

Revenue & EPS history

Thryv · Revenue · Quarterly

$187M

Q4 2024-21%vs Q4 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

Management cites product investment, subscriber growth, and margin discipline.

Tailwinds

  • Platform or subscription metrics support the growth narrative.
  • Cost actions may improve profitability over time.

Headwinds

  • Macro and competition can pressure growth and ARPU.
  • Marketing and R&D spend may weigh on near-term earnings.

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 Q4 2024

Historical avgQ4 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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