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 (NASDAQ:THRY) announced its ThryvPay payment processing service has become the largest option within its platform by volume and transactions as of May 2021. In May, ThryvPay processed $5.5 million, indicating an annualized run rate of $66 million shortly after launch. Over half of new payment service users chose ThryvPay since January. The service allows installment plans and fraud prevention through a partnership with Plaid. Additionally, the new ThryvPay mobile app enhances customer experience with contactless payment options.
A consortium formed by America’s SBDC, Intuit, Mastercard, Thryv, and others launched “Launchpad America” to support entrepreneurs in post-pandemic recovery. The initiative aims to provide essential resources, mentorship, and free tools for startup success, addressing the challenge of high failure rates in new businesses. The program includes a Startup Guide and a Starter Kit with access to services from coalition partners. This effort reflects a growing trend of new business applications at the fastest pace since 2007, highlighting the importance of small businesses in economic recovery.
Thryv Holdings, Inc. (NASDAQ:THRY) announced a free virtual seminar, Connect: Home Services, scheduled for June 23, 2021, targeting the Home Services industry.
The event aims to enhance business growth through expert speakers, actionable strategies, and networking opportunities. CEO Joe Walsh highlighted the significance of Thryv's SaaS platform in helping home service businesses attract customers and expedite payments. Attendees can expect discussions on consumer trends and technology use in enhancing customer experiences, crucial for thriving post-pandemic.
Thryv Holdings (NASDAQ:THRY) announced its inclusion in the Russell 2000® and Russell 3000® Indexes, effective June 28, 2021. This milestone follows its Nasdaq listing in 2020 and aims to enhance visibility to institutional investors. Membership in these indexes means automatic inclusion in style indexes and reflects Thryv's position as a leading client experience software provider for small businesses. Thryv supports over 40,000 clients, offering a range of digital business solutions. The Russell indexes are widely used for benchmarking and managing nearly $10.6 trillion in assets.
Thryv Holdings (NASDAQ:THRY) announced CEO Joe Walsh will present at two key investor conferences: the William Blair Annual Growth Stock Conference on June 1, 2021, at 5 p.m. ET, and Baird's 2021 Global Consumer, Technology and Services Conference on June 10, 2021, at 1:25 p.m. ET. Thryv provides a comprehensive customer experience platform for small businesses, aiding over 40,000 clients in managing daily operations. Their software streamlines various business functions, enabling SMBs to enhance customer engagement, payment processing, and online appointment scheduling.
Thryv Holdings, Inc. (NASDAQ: THRY) has announced the pricing of a public offering of 4,238,426 shares at $23.50 each, up from an earlier planned 3,500,000 shares. The offering, set to close on June 1, 2021, will benefit selling stockholders, who will receive all proceeds. Thryv will not issue new shares or receive any proceeds. Additionally, underwriters have a 30-day option to buy up to 635,763 additional shares. The registration statement for this offering was declared effective by the SEC on May 26, 2021.
Thryv Holdings, Inc. (NASDAQ:THRY) continues to support small businesses through its podcast, Winning on Main Street. The recent episode featured entrepreneur Jay Samit, discussing innovation and the importance of developing an entrepreneurial mindset post-pandemic. He emphasizes that disruption creates opportunities, urging individuals to embrace change rather than fear it. The podcast aims to equip small business owners with strategies for growth, including attracting customers and managing finances.
Thryv Holdings announced a secondary offering of 3,500,000 shares of common stock by certain stockholders, with an additional 525,000 shares available for purchase by underwriters. Thryv will not receive any proceeds from the offering. The offering is contingent on market conditions and is being led by William Blair, with Needham & Company and CJS Securities also involved. Investors can obtain a preliminary prospectus through the lead manager. This offering signals liquidity for selling stockholders but raises potential concerns for existing shareholders regarding dilution.
Thryv Holdings, Inc. (NASDAQ:THRY) reported strong Q1 2021 results, with U.S. SaaS revenue increasing 17% year-over-year to $37.3 million. Total consolidated revenue reached $280.6 million, with net income at $36.5 million and adjusted EBITDA margin at 37.4%. The company raised its 2021 SaaS revenue guidance to $151-$153 million, up from $140-$145 million. The launch of the ThryvPay mobile app aims to enhance service for small businesses. Key metrics include a 2.5% SaaS monthly churn rate and a significant improvement in net dollar retention to 89%. The acquisition of Sensis Holdings strengthens Thryv's market presence.
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