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Thryv Holdings, Inc. reports on an AI-enabled marketing and sales software platform for small and medium-sized businesses. Its software offerings include lead insights, automated customer follow-up, payment processing, an AI-enabled CRM and related tools designed to help service businesses manage customer acquisition, sales activity and repeat engagement.
Recurring Thryv news centers on SaaS revenue growth, Marketing Center performance, average revenue per unit, adjusted EBITDA, guidance updates and the transition from legacy marketing services toward software-led revenue. Product updates include Thryv AI Lead Flow, home-services marketing automations and integrations that combine Thryv Marketing Center with Keap sales automation capabilities.
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Thryv Holdings, Inc. (NASDAQ:THRY) has unveiled its Small Business Index, showing a 38% increase in small business activity in Q1 2022 compared to Q1 2021. The index measures appointments, invoices, and payments from nearly 10,000 small businesses using Thryv's platform. Notably, appointments surged 86%, payments rose 22%, and invoices increased by 14%. This data indicates resilient growth amid challenges such as inflation and supply chain issues, reflecting a shift in how small businesses operate.
Thryv Holdings, Inc. (NASDAQ:THRY) reported a robust Q1 2022, with a 29% increase in SaaS revenue year-over-year, totaling $48.2 million. The company has raised its revenue guidance for the full year, anticipating total SaaS revenue between $208 million and $209 million. Overall revenue reached $308.4 million, up 9.9% year-over-year. Despite a consolidated net income of $33.5 million, the company also noted a SaaS Adjusted EBITDA loss of $6.8 million. Thryv aims for $1 billion in SaaS revenue by 2027, fueled by strong subscriber growth.
Thryv Holdings has appointed Marie Caron as President of International Markets to spearhead its global expansion strategies. With over 15 years of experience in SaaS business development, Caron will focus on enhancing Thryv's presence in international markets, targeting small to medium-sized businesses. Thryv aims to leverage partnerships, acquisitions, and its existing SaaS platform to extend its operational footprint across the globe, particularly in regions like Canada, Australia, and the Caribbean.
Thryv Holdings, Inc. (NASDAQ:THRY) announced it will release its first quarter 2022 financial results on May 4, 2022, after market close. A conference call is scheduled for 4:30 p.m. EDT to discuss these results, hosted by Joe Walsh, CEO, and Paul Rouse, CFO. Investors can register for the call via a provided link and access a live webcast on Thryv's Investor Relations website. Thryv offers software solutions to over 46,000 businesses, emphasizing its role in helping small to medium-sized enterprises grow.
Thryv's CEO Joe Walsh emphasizes the importance of small business automation at the Investor Day event, revealing plans for significant revenue growth. The company targets $1 billion in SaaS revenue by 2027 and $4 billion by 2032. Key highlights include the expansion of ThryvPay, the launch of new centers for SMB tools, and continued international expansion into Canada and Australia. Walsh underscores the growing need for small businesses to automate their operations to remain competitive in a challenging market.
Thryv Holdings, Inc. (NASDAQ:THRY) announced details for its upcoming Investor Day on April 5, 2022, at Nasdaq MarketSite in New York City from 9:00 - 11:00 a.m. ET. CEO Joe Walsh and CFO Paul Rouse will present the company’s business performance and strategic priorities. Attendees can register for in-person or access a live webcast. Additionally, Thryv will participate in Nasdaq’s Opening Bell Ringing Ceremony on April 6, 2022.
Guests must provide a negative COVID-19 test result within 24 hours for entry, complying with Nasdaq’s safety protocols.
Thryv Holdings, Inc. (NASDAQ:THRY) is set to hold its Investor Day on April 5, 2022, from 9:00 - 11:00 a.m. ET at Nasdaq MarketSite in Midtown Manhattan. CEO Joe Walsh, CFO Paul Rouse, and the executive team will discuss the company’s performance and strategic priorities. In addition, Thryv will participate in Nasdaq’s Opening Bell Ringing Ceremony on April 6, 2022. The company’s software platform, Thryv®, supports over 45,000 businesses in improving their customer experience and marketing presence.
Thryv Holdings, Inc. (THRY) reported a 36% increase in Q4 2021 SaaS revenue year-over-year, totaling $47.1 million. Annual SaaS revenue rose 32% to $170.5 million, while total consolidated revenue reached $1.113 billion.
The company acquired Vivial Media for $21 million, enhancing its service offerings. However, consolidated revenue saw a 1% decline and projected SaaS EBITDA losses of $21 to $25 million for 2022. Despite these concerns, Thryv remains optimistic about long-term growth.
According to a new study by Thryv and Payments Dive, small businesses that do not accept digital payments are losing customers. The survey of 2,050 small business consumers revealed that 73% are influenced by payment options when choosing between businesses. Younger consumers, particularly Millennials (68%) and Gen Z (71%), prefer cashless transactions. The findings indicate a growing trend towards contactless payment options, with 71% of respondents intending to continue using them post-pandemic. Furthermore, 64% prefer digital payments for purchases over $1,000.