Thryv Holdings, Inc. Q2 2025 Earnings Recap

THRY Q2 2025 August 1, 2025

Thryv Holdings reported strong Q2 2025 results, achieving 48% year-over-year SaaS revenue growth and demonstrating improved financial health as it transitions towards a more profitable software-focused business model.

Earnings Per Share Miss

$0.42 vs $0.46 est.

-8.7% surprise

Revenue Beat

210470000 vs 200808200 est.

+4.8% surprise

Market Reaction

1-Day +6.6%

5-Day +14.18%

30-Day +2.39%

Key Takeaways

SaaS revenue reached $115 million, exceeding guidance, driven by a 25% increase in Thryv's core business excluding Keep's contribution of $17.7 million.
Adjusted EBITDA margins for SaaS expanded to a record 20%, highlighting operational efficiency improvements while maintaining over 100% net revenue retention at 103%.
ARPU increased across all segments, with overall SaaS ARPU rising to $352 and a focus on boosting spend among existing high-value clients.
The company effectively reduced net debt by $24 million to $274 million, successfully decreasing its leverage ratio to 2.2x, setting the stage for future free cash flow and strategic flexibility.
Marketing Services revenue was $95.5 million, with an adjusted EBITDA margin of 29%, as the company progresses towards exiting legacy services by 2028.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit THRY on AllInvestView.

Next Q3 2025