Thryv Hldgs Inc Stock Price, News & Analysis

Thryv Holdings (NASDAQ:THRY) has partnered with Mastercard to aid small and medium-sized enterprises (SMEs) in modernizing operations and enhancing their digital presence. This collaboration, announced on May 6, 2021, includes participation in Mastercard's Digital Doors program and a webinar series aimed at providing essential digital tools and education. These initiatives come as businesses navigate the ongoing impacts of the pandemic, equipping them with resources to thrive in a digital economy.

Thryv Holdings, Inc. (NASDAQ:THRY) announced the launch of a new dashboard for managing Google My Business (GMB) listings on May 10, 2021. This feature aims to streamline the process for small businesses, enabling them to effectively manage their online presence, which is crucial given that 81% of consumers search online for products or services. The dashboard will help users manage GMB profiles, including reviews and posts, and is available to users in the United States and Australia. Thryv currently manages over 30,000 GMB profiles.

Thryv Holdings, Inc. (NASDAQ:THRY) will announce its first quarter 2021 financial results on May 13, 2021, before market opening. The results will be discussed in a conference call that same day at 8:30 a.m. ET, hosted by CEO Joe Walsh and CFO Paul Rouse. Thryv provides a comprehensive client experience platform for small to medium-sized businesses, currently serving over 40,000 clients. This software aids SMBs in managing operations, reaching customers, and obtaining payments efficiently.

Thryv Holdings, Inc. (NASDAQ:THRY) announced its payment processing service, ThryvPay, surpassed $10 million in total payment volume within six months of launch. The service, tailored for service-driven businesses, has facilitated over 85,000 transactions. ThryvPay offers competitive flat-rate fees and a maximum $9 fee for ACH transactions, providing significant cost savings compared to credit card fees, which can reach 2.9%.

ThryvPay ranks as the No. 3 payment gateway for small businesses, following PayPal and Apple Pay, according to the G2 Spring 2021 Report.

Thryv Holdings, Inc. is hosting a free virtual seminar titled ‘Connect For HVAC Contractors’ on April 29, 2021, aimed at supporting HVAC businesses. The event will include expert speakers offering actionable strategies for growth, networking opportunities, and a demo of Thryv's software. Joe Walsh, CEO, emphasized the importance of leveraging technology for business success. Keynote speaker Susan Frew, CEO of Sunshine Plumbing Heating Air, will share her experience maintaining a 60% gross profit during challenging times. The seminar aims to foster business growth in the home services sector.

Thryv Holdings and America’s Small Business Development Centers (SBDC) conducted a study revealing that nearly two-thirds of small businesses anticipate moderate to large impacts from vaccine distribution. The study indicated significant effects on personal services industries while showing minimal expected impact on home services. Additionally, 66% of small business owners expect to recover mostly or fully within a year, although 4% foresee closure. The report highlights the resilience of small businesses and their hope for recovery as vaccinations increase.

Thryv Holdings, Inc. (NASDAQ:THRY) has launched its Integrated Verticalization Platform, enhancing its software for small businesses by tailoring solutions to specific industry needs. This development follows a recent CRM enhancement and aims to improve user experience across various sectors. Thryv plans to roll out the Thryv for Home Services solution in the second half of 2021, expanding further into other verticals thereafter. Insights from a third-party market study indicate a strong demand for efficient technology in home services, reinforcing Thryv's competitive edge.

Thryv Holdings, Inc. (NASDAQ:THRY) has been recognized as a leader in the G2 Spring 2021 Reports, winning 14 awards, surpassing its previous record. Thryv was named a Leader for Small Business for the sixth consecutive quarter and ranks No. 3 in payment gateways among small businesses. The company is praised for its ThryvPay service tailored for service-based businesses. Additional honors include Easiest to Use and Best Support for Small Business. Thryv's software supports over 40,000 clients, enhancing business functions for small to medium-sized enterprises.

Thryv Holdings, Inc. (NASDAQ:THRY) reported strong fourth quarter and fiscal year 2020 results, confirming 2020 growth and profitability. SaaS revenue reached $34.9 million, up 8% year-over-year, while Marketing Services revenue was $212.1 million. Total revenue amounted to $246.9 million, exceeding guidance. Net income stood at $109.8 million with an adjusted EBITDA of $71.6 million. For 2021, guidance for SaaS revenue was raised to $140 - $145 million, reflecting positive growth outlook. The acquisition of Sensis is a milestone for global expansion.