Thryv (NASDAQ:THRY) Issues Quarterly Earnings Results

Thryv (NASDAQ:THRY) issued its earnings results on Monday. The company reported ($2.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.16), FiscalAI reports. The company had revenue of $118.94 million during the quarter, compared to the consensus estimate of $145.67 million. Thryv had a negative return on equity of 19.67% and a negative net margin of 19.85%.

Here are the key takeaways from Thryv’s conference call:

• Thryv said its new AI-powered Growth Platform has sold to about 1,500 customers since its August launch—about 190% of plan. Growth products rose 16% year over year and account for more than 60% of SaaS revenue, according to the company.
• The planned $142 million sale of the print directories business, expected to close in the fourth quarter, would bring print-related cash proceeds to roughly $292 million—near the top of the company’s prior forecast, achieved much sooner than planned. Thryv expects to use net proceeds to repay debt and other liabilities.
• Thryv forecast fourth-quarter SaaS Adjusted EBITDA of negative $4.5 million to negative $5.5 million, citing restructuring and cost-allocation effects. Full-year SaaS revenue and Adjusted EBITDA guidance are $453–$454 million and $16.5–$17.5 million, respectively, below 2025’s continuing-operations results.
• Third-quarter SaaS revenue was $112 million, while SaaS Adjusted EBITDA was $9.5 million and exceeded comparable guidance by more than $5 million, the company said. SaaS ARPU rose 2% to $373 and the quality-client revenue mix improved, while seasoned net revenue retention was 89% and the company ended the quarter with 98,000 subscribers.

Thryv Trading Down 16.8%

NASDAQ:THRY opened at $1.06 on Wednesday. The firm has a 50-day simple moving average of $1.52 and a 200-day simple moving average of $2.94. Thryv has a one year low of $0.96 and a one year high of $6.60. The firm has a market cap of $47.33 million, a P/E ratio of -0.38 and a beta of 0.89. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.00.

Analyst Ratings Changes

Several research firms have commented on THRY. Weiss Ratings downgraded Thryv from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, August 13th. Royal Bank Of Canada decreased their target price on Thryv from $3.00 to $2.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 28th. Wall Street Zen cut Thryv from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Thryv in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.00.

Insider Activity

In other Thryv news, CEO Joe Walsh acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average cost of $1.80 per share, with a total value of $45,000.00. Following the completion of the acquisition, the chief executive officer directly owned 788,099 shares in the company, valued at $1,418,578.20. This represents a 3.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.50% of the company’s stock.

About Thryv

Thryv Holdings, Inc. (NASDAQ:THRY) provides software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer relationships, appointments, communications, estimates, invoices, payments and online reviews through a centralized business-management system. The company also offers tools for digital marketing and customer acquisition, including website and social media management, online presence services, lead generation, automated communications and reputation management.