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) has priced an upsized public offering of 5,715,000 shares of common stock at $14.00 per share, expecting to raise approximately $80.0 million in gross proceeds. The company granted underwriter RBC Capital Markets a 30-day option to purchase up to 857,250 additional shares. The proceeds will partially fund Thryv's previously announced acquisition of Infusion Software (Keap). The offering is expected to close around October 31, 2024, subject to customary conditions.
Thryv Holdings (NASDAQ:THRY) released preliminary Q3 2024 results, reporting SaaS revenue between $86-88 million, up from $67 million year-over-year. SaaS Gross Margin improved to 69-70% from 64%. However, the company expects a net loss of $95-97 million, including an $83 million non-cash goodwill impairment charge in the Marketing Services segment. SaaS Adjusted EBITDA is projected at $10-11 million, compared to -$1 million in Q3 2023. The company's client base grew to 96,000-97,000, up from 66,000, with improved client retention at approximately 100%.
Thryv Holdings (NASDAQ: THRY) announced a $75.0 million public offering of common stock, with an additional 15% option granted to underwriters for a 30-day period. The company plans to use the proceeds to partially fund its previously announced acquisition of Infusion Software (Keap). RBC Capital Markets is serving as the sole book-running manager, offering shares through various channels including Nasdaq and over-the-counter markets. The offering will be conducted under Thryv's effective shelf registration statement on Form S-3ASR.
Thryv Holdings (NASDAQ: THRY) has signed a definitive agreement to acquire Keap for $80 million in cash. Keap, a provider of CRM and marketing automation solutions for SMBs, generated approximately $85 million in revenue during the trailing twelve months through June 2024. The acquisition will establish Thryv as a market leader with total SaaS revenue exceeding $400 million in recurring revenue. The combined entity will have over 100k SaaS subscriptions, expanding Thryv's presence in North America, Europe, and Australia. The transaction is expected to close in Q4 2024, funded through equity financing and existing credit facility.
Thryv (NASDAQ: THRY) has introduced AI-enhanced social media capabilities into its Thryv Marketing Center™, addressing the needs of small businesses who see social media as a key area for AI impact. The new Social Media Management Tool connects various social platforms, allowing businesses to manage their online presence efficiently.
Key features include:
- AI-generated social content with customizable captions
- A content library organized by topic
- Content recommendations with integrations for articles and images
- Social scheduling capabilities
- Engagement tracking across all connected channels
This tool aims to simplify social media marketing for small businesses, helping them create and manage content effectively without constant online presence. Thryv's Chief Product Officer, Rees Johnson, emphasizes the importance of social media in customer engagement and how this AI-enhanced tool addresses the time and creativity constraints faced by small businesses.
Thryv Holdings, Inc. (NASDAQ:THRY), a leading provider of small business software, has announced the release of its third quarter 2024 financial results on Thursday, November 7, before the market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results with investors.
To participate in the conference call, interested parties can register using the provided link or visit Thryv's Investor Relations website. A live webcast will also be available on the company's Investor Relations section. After the event, downloadable files of the press release and an audio replay will be accessible on Thryv's website.
Thryv Holdings (NASDAQ:THRY), the provider of the leading small business software platform Thryv®, has announced an Analyst Day scheduled for Tuesday, December 3, 2024. The event will begin at 9 a.m. ET in New York City at the NASDAQ Marketsite.
During this event, the Thryv team will present to the investment community, covering topics such as business performance, outlook, and key strategic priorities. Presenters will include Chairman & CEO Joe Walsh, President Grant Freeman, CFO Paul Rouse, and other executive team members.
For those unable to attend in person, a live webcast of the event and presentation materials will be accessible on Thryv's Investor Relations page at investor.thryv.com. Interested parties can register to attend through the provided link.
Thryv Holdings, the provider of the leading small business software platform Thryv®, announced its participation in the B. Riley Securities' 2024 Consumer & TMT Conference. The event is scheduled for September 12, 2024, in New York City. Members of Thryv's management team will be hosting meetings during the conference.
This participation highlights Thryv's engagement with investors and industry professionals. The conference provides an opportunity for Thryv to showcase its software platform and discuss its position in the small business technology market. As a NASDAQ-listed company (THRY), Thryv's presence at such events can be significant for investors and market analysts tracking the technology and small business sectors.
Thryv Holdings (NASDAQ:THRY) reported strong Q2 2024 results, with SaaS revenue growing 25% year-over-year to $77.8 million. The company saw a 52% increase in SaaS subscribers, reaching 85,000 clients. Despite this growth, total revenue decreased 11% to $224.1 million due to a 23% decline in Marketing Services revenue.
Key financial highlights include:
- Consolidated net income of $5.5 million ($0.15 per diluted share)
- Consolidated Adjusted EBITDA of $59.3 million (26.5% margin)
- SaaS Adjusted EBITDA of $10.2 million (13.1% margin)
- ThryvPay total payment volume increased 34% year-over-year to $80 million
Thryv raised its full-year 2024 SaaS Adjusted EBITDA guidance and projects Q3 2024 SaaS revenue between $82-$84 million.
Thryv (NASDAQ: THRY), a leading small business software platform provider, has been named to Selling Power's 60 Best Companies to Sell For list for the seventh consecutive year. This recognition highlights Thryv's commitment to supporting small businesses and its sales team excellence. The ranking is based on five key areas: company overview, compensation and benefits, hiring and training, diversity and inclusion, and AI incorporation in sales processes.
Thryv's Chief Revenue Officer, Jim McCusker, emphasized the company's dedication to helping SMBs modernize operations and grow in a competitive environment. The recognition underscores Thryv's focus on expertly trained sales staff, client success managers, and evolving software offerings.
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