Q1 2025 Thryv Holdings Inc Earnings Call Transcript

May 1, 2025 / 12:30 PM GMT

Release Date Price: $12.44 (-9.20%)

Transcript 10-Q8-K

Key Points

Positve

Thryv Holdings Inc (THRY) reported a 50% year-over-year revenue growth, with a 24% growth when normalized for the Keep acquisition.
The company achieved a significant milestone with SaaS revenue now accounting for 61% of total revenue, marking a successful transition from marketing services to a SaaS-focused model.
Subscriber growth was strong at 37%, bringing the total to 96,000, or 111,000 when including Keep subscribers.
Net revenue retention reached 103%, indicating strong customer satisfaction and effective cross-selling strategies.
The company has successfully integrated Keep's partner channel, enhancing its market reach and product offerings.

Negative

Marketing services revenue saw a 42% year-over-year decline as the company transitions away from this segment.
The company faces temporary headwinds due to shared cost allocations, impacting the SaaS segment's operating expenses.
There is a cautious outlook for the year due to economic uncertainties, leading to conservative guidance.
Customer additions were down by 3,000 in the quarter, attributed to seasonal factors and a focus on existing customer expansion.
The company is still in the process of fully integrating Keep's back-office systems, which may delay some partner activities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

THRY.OQ - Thryv Holdings Inc
Q1 2025 Thryv Holdings Inc Earnings Call
May 01, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Cele, and I will be your conference operator today.

At this time I would like to welcome everyone to the tribe first quarter 2025 earnings call.

All lines have been placed on you to prevent any background noise.

After the speaker remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed with the number one in your telephone keypad.

If you would like to withdraw your question, press one again.

Thank you. I would now like to turn the call over to Mr. Cameron Lasart. Please go ahead.

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