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 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.
Thryv Holdings, Inc. (NASDAQ:THRY) has launched the ThryvPay app, a free payment processing solution tailored for service-based businesses. This app enables users to accept contactless payments, including ACH and all major credit cards, with competitive rates. It allows businesses to manage services, create custom payment plans, and improve revenue by accepting tips and convenience fees. Notably, 64% of consumers prefer cashless transactions, underscoring the app's relevance. ThryvPay enhances operational efficiency and customer experience, benefiting small to medium-sized service businesses.
Thryv Holdings, Inc. (NASDAQ:THRY) has launched an urgent initiative through its podcast, “Winning on Main Street”, to assist small businesses in recovering from the COVID-19 pandemic. Hosted by Gordon Henry, the podcast emphasizes adapting to new consumer expectations for online interactions. Recent episodes feature insights from successful small business owners and discuss essential topics like credit management, cash flow, and brand reputation. Thryv continues to offer software solutions that support over 400,000 small businesses globally.
Thryv Holdings (NASDAQ:THRY) has partnered with Mastercard to aid small and medium-sized enterprises (SMEs) in modernizing operations and enhancing their digital presence. This collaboration, announced on May 6, 2021, includes participation in Mastercard's Digital Doors program and a webinar series aimed at providing essential digital tools and education. These initiatives come as businesses navigate the ongoing impacts of the pandemic, equipping them with resources to thrive in a digital economy.
Thryv Holdings, Inc. (NASDAQ:THRY) announced the launch of a new dashboard for managing Google My Business (GMB) listings on May 10, 2021. This feature aims to streamline the process for small businesses, enabling them to effectively manage their online presence, which is crucial given that 81% of consumers search online for products or services. The dashboard will help users manage GMB profiles, including reviews and posts, and is available to users in the United States and Australia. Thryv currently manages over 30,000 GMB profiles.
Thryv Holdings, Inc. (NASDAQ:THRY) will announce its first quarter 2021 financial results on May 13, 2021, before market opening. The results will be discussed in a conference call that same day at 8:30 a.m. ET, hosted by CEO Joe Walsh and CFO Paul Rouse. Thryv provides a comprehensive client experience platform for small to medium-sized businesses, currently serving over 40,000 clients. This software aids SMBs in managing operations, reaching customers, and obtaining payments efficiently.
Thryv Holdings, Inc. (NASDAQ:THRY) announced its payment processing service, ThryvPay, surpassed $10 million in total payment volume within six months of launch. The service, tailored for service-driven businesses, has facilitated over 85,000 transactions. ThryvPay offers competitive flat-rate fees and a maximum $9 fee for ACH transactions, providing significant cost savings compared to credit card fees, which can reach 2.9%.
ThryvPay ranks as the No. 3 payment gateway for small businesses, following PayPal and Apple Pay, according to the G2 Spring 2021 Report.
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