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Mar 31, 2022
Thryv Q1 2022 Earnings Report
Thryv grew SaaS revenue and raised revenue guidance.
Key Takeaways
Thryv reported a strong first quarter with a 29% year-over-year increase in SaaS revenue and raised revenue guidance for the full year 2022. The company saw an increase in revenue overall and outstanding growth in SaaS revenue, ahead of SaaS revenue guidance targets. They continue to drive new subscribers and expect double-digit subscriber growth in 2022.
SaaS revenue grew by 29% year-over-year.
Total Marketing Services revenue increased by 6.9% year-over-year.
Consolidated total revenue increased by 9.9% year-over-year.
SaaS monthly Average Revenue per Unit (ARPU) increased to $352.
Revenue by Segment
Forward Guidance
Thryv is raising guidance for the second quarter of 2022 and full year 2022.
Positive Outlook
- Total SaaS revenue in a range of $50.5 to $51.0 million for Q2 2022.
- Total Marketing Services revenue in a range of $255 to $260 million for Q2 2022.
- Total SaaS revenue in a range of $208 to $209 million for full year 2022.
- Total Marketing Services revenue in a range of $905 to $920 million for full year 2022.
- Total Marketing Services Adjusted EBITDA in a range of $315 to $320 million for full year 2022.
Challenges Ahead
- Total SaaS Adjusted EBITDA loss in a range of $6.0 to $6.5 million for Q2 2022.
- Total SaaS Adjusted EBITDA loss in a range of $21 to $25 million for full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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