Thryv (NASDAQ:THRY) Announces Earnings Results

Thryv (NASDAQ:THRY) issued its earnings results on Monday. The company reported ($2.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.16), FiscalAI reports. The business had revenue of $118.94 million during the quarter, compared to analysts’ expectations of $145.67 million. Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%.

Here are the key takeaways from Thryv’s conference call:

• Thryv said its new AI-powered Growth Platform has sold to about 1,500 customers since its August launch—about 190% of plan. Growth products rose 16% year over year and account for more than 60% of SaaS revenue, according to the company.
• The planned $142 million sale of the print directories business, expected to close in the fourth quarter, would bring print-related cash proceeds to roughly $292 million—near the top of the company’s prior forecast, achieved much sooner than planned. Thryv expects to use net proceeds to repay debt and other liabilities.
• Thryv forecast fourth-quarter SaaS Adjusted EBITDA of negative $4.5 million to negative $5.5 million, citing restructuring and cost-allocation effects. Full-year SaaS revenue and Adjusted EBITDA guidance are $453–$454 million and $16.5–$17.5 million, respectively, below 2025’s continuing-operations results.
• Third-quarter SaaS revenue was $112 million, while SaaS Adjusted EBITDA was $9.5 million and exceeded comparable guidance by more than $5 million, the company said. SaaS ARPU rose 2% to $373 and the quality-client revenue mix improved, while seasoned net revenue retention was 89% and the company ended the quarter with 98,000 subscribers.

Thryv Stock Performance

Shares of NASDAQ THRY traded up $0.10 during midday trading on Monday, hitting $1.28. 771,114 shares of the company’s stock traded hands, compared to its average volume of 867,377. The firm has a fifty day moving average of $1.55 and a 200 day moving average of $2.98. Thryv has a 1 year low of $1.09 and a 1 year high of $6.60. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $56.88 million, a price-to-earnings ratio of -3.46 and a beta of 0.89.

Analysts Set New Price Targets

A number of brokerages recently weighed in on THRY. Wall Street Zen downgraded shares of Thryv from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Royal Bank Of Canada cut their target price on shares of Thryv from $3.00 to $2.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 28th. Needham & Company LLC reiterated a “buy” rating on shares of Thryv in a research note on Tuesday, August 4th. Finally, Weiss Ratings downgraded Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.00.

Insider Activity

In other Thryv news, CEO Joe Walsh bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was bought at an average cost of $1.80 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the chief executive officer owned 788,099 shares of the company’s stock, valued at $1,418,578.20. This represents a 3.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.50% of the company’s stock.

Thryv Company Profile

Thryv Holdings, Inc (NASDAQ:THRY) provides software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer relationships, appointments, communications, estimates, invoices, payments and online reviews through a centralized business-management system.

The company also offers tools for digital marketing and customer acquisition, including website and social media management, online presence services, lead generation, automated communications and reputation management.