Welcome to our dedicated page for Thryv Holdings news (Ticker: THRY), a resource for investors and traders seeking the latest updates and insights on Thryv Holdings stock.
Thryv Holdings, Inc. (NASDAQ: THRY) is a premier provider of Software as a Service (SaaS) management tools and comprehensive marketing solutions tailored for small and mid-sized businesses. The firm operates across four main segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. Among these, the U.S. Marketing Services segment generates the most revenue.
Founded in 2013, although rooted in over a century of history originating as a yellow pages directory business, Thryv has evolved into a full-service digital marketing firm. Today, it offers a vast array of services, including website development, print and digital marketing, mobile solutions, social media strategies, and search engine marketing.
Thryv Holdings remains dedicated to partnering with more than 480,000 local businesses across the United States. The company's commitment lies in helping these businesses get found by potential customers, get chosen over competitors, and get talked about within their communities. The overarching goal is to foster and grow customer relationships through innovative and effective marketing strategies.
Recent achievements include the expansion of their international operations and the continuous enhancement of their SaaS offerings, making business management more accessible and efficient for clients. Financially, Thryv has shown resilience and growth, reflecting its strategic initiatives and adaptive business model.
For those seeking the latest updates, Thryv’s current projects include new partnerships, product rollouts, and market expansion strategies. With a significant presence both domestically and internationally, Thryv Holdings is poised to continue its trajectory of growth and innovation, providing top-notch solutions that meet the evolving needs of the local business landscape.
Thryv Holdings, Inc. (NASDAQ:THRY) has raised its revenue guidance for 2021 following strong third-quarter results. US SaaS revenue reached $45 million, up 41% year-over-year, and total consolidated revenue rose 24% to $297 million. Thryv reported a net income of $36 million and an adjusted EBITDA margin of 34%. Positive trends included a 2% increase in SaaS clients and improved customer retention metrics. The company updated its SaaS revenue guidance to $169-$171 million, up from $157-$160 million, and Marketing Services revenue to $785-$790 million.
Thryv Holdings (NASDAQ:THRY) is set to launch a real-time centralized inbox within its Thryv® platform, enhancing communication for small businesses. This new feature allows owners to manage all customer interactions—via webchat, email, text, or social media—in one location, improving efficiency and responsiveness. With 43 million messages sent year-to-date, the platform aims to cater to evolving consumer preferences, particularly among millennials who favor text communication. The integrated webchat plugin will be included at no additional cost, enabling businesses to engage visitors seamlessly.
Thryv Holdings (NASDAQ:THRY) announced Jonathan Morris as the closing keynote speaker for its Connect21 event on November 10-11, 2021. Morris, host of Magnolia Network's 'Self-Employed', will share his entrepreneurial journey, highlighting his successes like Fort Worth Barber Shop and Hotel Dryce. The event aims to empower small business owners with strategies for growth and networking opportunities. Thryv supports over 45,000 businesses with its customer experience platform, emphasizing the importance of community and resilience in entrepreneurship.
Thryv Holdings (NASDAQ:THRY) is set to release its third quarter 2021 financial results on November 11, 2021, before market opening. Following the release, a conference call will occur at 8:30 a.m. ET hosted by CEO Joe Walsh and CFO Paul Rouse, discussing the results. Investors can register for the call through the provided link or via the company's Investor Relations website. Thryv provides a software platform for small businesses, enabling them to enhance their client experience. Over 45,000 businesses currently benefit from Thryv's solutions.
Thryv Holdings, Inc. (NASDAQ:THRY) reports a significant increase in product usage among small businesses, with in-app features adoption growing by up to 260% in 2021. Notably, appointment scheduling usage grew 74%, automated email marketing 56%, and document management 40%. Clients are spending 28% more time on the platform. Thryv also experienced a 20% quarter-over-quarter increase in payment transactions, enabling small business owners to streamline operations and improve client communication.
Thryv Holdings, Inc. (NASDAQ:THRY) reported growth in its multi-location brand portfolio for the first three quarters of 2021. Emerging franchises like Class 101, Play Crew On The Go, and Veteran’s Pool Company are now using Thryv software to streamline operations and enhance profitability. Enterprise Channel Sales Director Matthew Gourgeot highlighted the company's mission to help franchises scale effectively. Thryv, known for its SaaS solutions since 2015, also launched Hub by Thryv® to assist clients in optimizing franchise management.
Thryv Holdings (NASDAQ:THRY) reports significant growth in small business adoption of its technology, with in-app feature usage increasing by up to 260% in 2021. Following COVID-19, 63% of small business decision-makers now leverage digital tools to enhance customer experiences. Thryv's platform shows marked engagement with year-to-date increases in SMS reminders (+138%) and social media management (+261%). Adoption of online invoicing is up by 54%, and payment transaction volume via ThryvPay rose 150%. Thryv remains committed to helping small businesses thrive in a digital-first landscape.
Thryv Holdings (NASDAQ:THRY) has launched a Google My Business (GMB) Optimization add-on to enhance online visibility for small businesses. This feature aims to simplify the management of GMB listings, which are crucial for attracting customers. Thryv has expanded its connected GMB profiles from under 1,000 to over 30,000 in two years. Businesses using the optimization have reported significant increases in customer engagement, with metrics such as a 43% rise in directions requests and a 22% increase in phone calls within 30 days. The service is available in the U.S. and Australia.
Thryv Holdings (NASDAQ:THRY) announced the schedule for its annual conference, Connect21, set for November 10-11, 2021. This virtual event aims to support small businesses by sharing strategies and tips for growth in the digital age. Attendees will benefit from insights from industry experts, including keynote speakers Ramon Ray and Jonathan Morris. The event emphasizes networking and learning pertinent to managing businesses and enhancing customer engagement. Registration is currently open, but spaces are limited.
FAQ
What is the current stock price of Thryv Holdings (THRY)?
What is the market cap of Thryv Holdings (THRY)?
What does Thryv Holdings, Inc. do?
What are the main segments of Thryv Holdings?
When was Thryv Holdings founded?
How many businesses does Thryv Holdings partner with?
What are some of the services offered by Thryv Holdings?
Which segment generates the most revenue for Thryv Holdings?
What recent achievements has Thryv Holdings accomplished?
What are Thryv Holdings' current projects?
Has Thryv Holdings expanded internationally?
What is the business goal of Thryv Holdings?
