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Mar 31, 2024
Thryv Q1 2024 Earnings Report
Reported SaaS revenue growth and raised full-year SaaS guidance, driven by subscriber growth and strategic refinancing.
Key Takeaways
Thryv reported a 24% year-over-year increase in SaaS revenue for Q1 2024. The company raised its full-year SaaS guidance and authorized a $40 million share repurchase program. They also refinanced their credit agreement for enhanced financial flexibility.
SaaS revenue increased by 24% year-over-year.
SaaS subscribers grew by 30% year-over-year.
A $40 million share repurchase program was announced.
The company refinanced its maturing credit facility.
Revenue by Segment
Forward Guidance
Thryv issued guidance for the second quarter and full year 2024.
Positive Outlook
- SaaS Revenue 2nd Quarter: $77.5 - $79.5 million
- SaaS Revenue Full Year: $326 - $329 million
- SaaS Adjusted EBITDA 2nd Quarter: $6.5 - $7.5 million
- SaaS Adjusted EBITDA Full Year: $28 - $30 million
- Marketing Services Revenue Full Year: $487 - $494 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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