Welcome to our dedicated page for Thryv Hldgs news (Ticker: THRY), a resource for investors and traders seeking the latest updates and insights on Thryv Hldgs stock.
Thryv Holdings Inc (THRY) provides essential software and marketing solutions for service-based small businesses through its integrated SaaS platform and digital marketing services. This news hub offers investors and business professionals centralized access to official announcements and strategic developments.
Track critical updates including quarterly earnings reports, product enhancements in Thryv's cloud-based CRM tools, and innovations in AI-driven marketing automation. The page also features partnership announcements, leadership changes, and operational milestones impacting the SMB technology sector.
All content is verified through primary sources to ensure accuracy, with coverage spanning both Thryv SaaS platform developments and marketing service expansions. Users gain insights into how the company addresses evolving needs in local business management and digital customer engagement.
Bookmark this resource for streamlined monitoring of Thryv's progress in unifying business operations tools with multichannel marketing capabilities. Regularly updated to reflect the company's role in empowering SMBs through technological innovation.
Thryv's 2024 Small Business Index reveals resilience among small businesses despite economic challenges. While 40% reported revenue increases in 2024, 50% anticipate growth in Q1 2025. The survey of 500+ small business owners shows improved economic outlook, with 45% expecting better conditions, up 61% from last year.
Notable findings include:
- 66% plan to maintain current staffing levels
- 43% expect to use AI in 2025, up 38% year-over-year
- 37% plan to increase technology investments
- 82% report holding their own against competitors
The survey also revealed that 48% of owners started their business to fulfill their self-employment dream, with 35% citing being their own boss as their greatest joy. Despite 53% noting economic deterioration in 2024, businesses are adapting through technology adoption and infrastructure investments.
Thryv Holdings (NASDAQ:THRY) hosted an Analyst Day highlighting its strategic priorities and financial outlook. The company announced its recent acquisition of Keap, which enhances their marketing automation capabilities and global reach. Thryv unveiled two new offerings: the Thryv Reporting Center for business metrics and the upcoming Thryv Workforce Center for employee management. The company projects achieving majority SaaS revenue by 2025, with 18-20% organic growth and SaaS EBITDA reaching mid-teens margins. Thryv plans to exit Marketing Services by 2028, extending print directory cycles from 18 to 24 months, while expecting $250-300 million in unlevered FCF from 2025 to 2030.
Thryv Holdings (NASDAQ:THRY) has announced details for its upcoming Analyst Day scheduled for December 3, 2024, at the NASDAQ MarketSite in New York City. The event will run from 9:00 a.m. to 11:00 a.m. EST, featuring presentations from key executives including Chairman & CEO Joe Walsh, President Grant Freeman, and CFO Paul Rouse.
The leadership team will discuss the company's recent acquisition of Infusion Software (Keap®), current business performance, outlook, and strategic priorities. Both in-person attendance and remote participation via webcast options are available for interested parties.
Thryv (NASDAQ: THRY) announced winners of its first Small Business Excellence Awards, recognizing achievements in business excellence using Thryv solutions. The awards span three categories: Growth, Evolution, and Productivity.
TrueMark Home Inspections won the Growth Award for establishing efficient operations and expanding to a second business. The Evolution Award went to The Balance Sheet, which tripled revenue and expanded operations after transitioning to Thryv's CRM. Artful Cakery by Julie received the Productivity Award for achieving 100% business growth and exceeding wedding cake order goals through streamlined processes.
Thryv Holdings (NASDAQ:THRY), a leading small business software platform provider, has announced its management team's participation in three upcoming investor conferences. The team will host one-on-one meetings at the RBC Global Technology, Internet, Media, and Telecom Conference on November 19th, 2024, in New York, the Needham SaaS 1X1 Virtual Conference on November 21st, 2024, and the Wolfe Research Small and Mid-Cap Conference on December 5th, 2024, which will be held virtually.
Thryv (NASDAQ: THRY) has launched AI Review Response, a new tool enabling small businesses to efficiently respond to online reviews across 24 platforms including Google Business Profile, YP.com, and Trustpilot. The tool aggregates reviews in one view and generates three AI-powered response options that businesses can customize. This development addresses a critical need, as research shows 69% of customers expect responses within a week, and 95% read online reviews before shopping. The tool is part of Thryv's expanding AI-powered offerings, which include Social Media Management Tool and Pro Campaign Editor.
Thryv Holdings (NASDAQ:THRY) reported strong Q3 2024 results with SaaS revenue growing 29% year-over-year to $87.1 million. The company achieved the 'Rule of 40' milestone and raised its full-year 2024 SaaS guidance. Total SaaS clients increased 45% to 96,000, while Seasoned Net Dollar Retention improved to 101%. However, Marketing Services revenue decreased 20% to $92.8 million. The company reported a consolidated net loss of $96.1 million, including an $83.1 million non-cash goodwill impairment charge. Thryv also completed the acquisition of Keap, expanding its integrated marketing and sales solutions.
Thryv Holdings (NASDAQ:THRY) reported strong Q3 2024 performance with 29% year-over-year SaaS revenue growth to $87.1 million. The company achieved the 'Rule of 40' milestone and saw total SaaS clients increase by 45% to 96,000. Key highlights include improved Seasoned Net Dollar Retention of 101%, up 900 basis points year-over-year, and ThryvPay payment volume growth of 30%. The company completed the acquisition of Keap and raised its full-year 2024 SaaS guidance. However, Marketing Services revenue decreased 20% to $92.8 million, and the company reported a consolidated net loss of $96.1 million, including an $83.1 million non-cash goodwill impairment charge.
Thryv Holdings (NASDAQ: THRY) has completed its acquisition of Keap for $80 million in cash. The strategic merger combines two leading SaaS providers for small and medium-sized businesses (SMBs), resulting in a combined base of over 100,000 SaaS subscribers. The acquisition integrates Keap's marketing automation capabilities with Thryv's business management solutions, creating a comprehensive platform for SMBs. The merger expands Thryv's geographic presence in North America and international markets including Europe and Australia, while enhancing its software portfolio with AI-powered marketing tools and automation features.
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.
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