Thryv Holdings, Inc. - THRY STOCK NEWS

Thryv Holdings (NASDAQ:THRY), a leading small business software provider, has been named to Newsweek's Top 100 Global Most Loved Workplaces for 2024. This is the company's first appearance on the global list, having previously been recognized twice on the U.S. list. The ranking is based on feedback from over 2 million employees across various countries, including the U.S., Australia, and Canada. Thryv secured the 72nd spot, reflecting its commitment to a culture of inclusion and collaboration. CEO Joe Walsh and other executives highlighted the importance of employee sentiment and satisfaction in achieving this recognition.

Thryv Holdings, a provider of the Thryv small business software platform, announced its participation in upcoming investor conferences.

The management team will host 1:1 meetings at the William Blair 44th Annual Growth Stock Conference on June 4, 2024, at 2:20 p.m. ET, taking place at the Loews Chicago Hotel in Chicago, Illinois.

They will also be present at the Baird 2024 Global Consumer, Technology & Services Conference on June 5, 2024, at 2:35 p.m. ET, held at the InterContinental New York Barclay in New York.

According to a recent Thryv survey, 51% of small businesses expect to adopt AI by the end of 2025, up from the current 39%. This survey, conducted in April 2024 among 530 small business owners, reveals that more than half of current AI users anticipate monthly savings between $500-$2,000 and up to 20 hours.

Key benefits include offloading repetitive tasks (73%), regaining personal time (67%), and alleviating resource constraints (58%). AI adoption varies by age and business size, with younger owners and larger businesses more likely to use AI.

Despite the benefits, nearly a third of respondents worry about unintended consequences, such as unconscious bias. Additionally, some small businesses remain skeptical, citing AI's novelty and trust issues. Thryv's AI tools aim to simplify transitions by integrating AI directly into small business workflows.

Thryv Holdings, Inc. (NASDAQ:THRY) will participate in several investor conferences in May 2024. The company's management team will host 1:1 meetings at the Oppenheimer Emerging Growth Conference, Needham Tech & Media Conference, and B. Riley Institutional Investor Conference. These conferences provide a platform for Thryv to engage with investors and showcase its small business software platform, Thryv®.

Thryv Holdings, Inc. (NASDAQ:THRY) has announced a $40 million share repurchase program. The Board of Directors has authorized the repurchase of outstanding shares of the Company's common stock through open market or private transactions. The Company will consider various factors in determining the timing and amount of repurchases, such as stock availability, market conditions, trading price, capital allocation, and financial performance. The repurchase program is not bound by a specific number of shares or timeframe and may be adjusted or terminated as needed. Funding for repurchased shares will come from the Company's available liquidity.

Thryv Holdings, Inc. (NASDAQ:THRY) reported a 24% year-over-year growth in SaaS revenue for the first quarter of 2024, with a 30% increase in SaaS subscribers. The company also refinanced its credit facility, initiated a $40 million share repurchase program, and appointed a new Chief Product Officer. Thryv issued positive full-year SaaS guidance and experienced notable growth in SaaS metrics. The company's financial performance included a decrease in Marketing Services revenue but an increase in SaaS revenue, with strong Adjusted EBITDA margins across segments. Thryv remains focused on profitable SaaS growth and maintaining a healthy balance sheet.

Thryv Holdings, Inc. (NASDAQ: THRY) will release its first quarter 2024 financial results on May 2, followed by a conference call. Investors can register on the company's website for the call and access webcasts and replays.

Thryv, Inc. (NASDAQ: THRY) appoints Rees Johnson as chief product officer to drive the development of its small business platform, emphasizing AI integration and product expansion. Johnson brings 20+ years of product leadership experience, previously working at Forcepoint and Symantec. His role focuses on enhancing small business operations and growth through innovative product strategies.

Thryv Holdings (NASDAQ: THRY) announces accelerated adoption of its SaaS platform by customers from its Marketing Services business, with SaaS revenues expected to reach 40% of total revenue by year-end 2024. The company's center-based SaaS platform aims to streamline operations for small businesses, with three distinct centers offering various functionalities. Thryv's strategic evolution focuses on driving higher gross margins through the sale of these centers, leading to improved financial metrics and value creation for investors.