Thryv Holdings, Inc. reported strong results for the first quarter of 2025, exceeding guidance. SaaS revenue showed significant growth, increasing 50% year-over-year and now representing over 60% of total revenue. The company also achieved a record seasoned Net Revenue Retention of 103%.
SaaS revenue increased 50% year-over-year to $111.1 million.
SaaS revenue excluding Keap increased 24% year-over-year to $92.2 million.
SaaS revenue represented over 60% of total revenue in Q1 2025.
Seasoned Net Revenue Retention reached a record 103%.
Thryv is providing guidance for the second quarter and full year 2025, expecting continued SaaS revenue growth and improvement in SaaS Adjusted EBITDA margin.
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