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 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.