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Jun 30, 2022
Thryv Q2 2022 Earnings Report
Thryv's second quarter results were released, showing revenue growth and increased adoption of its SaaS platform.
Key Takeaways
Thryv reported a 14.8% increase in consolidated revenue, driven by growth in both SaaS and Marketing Services. The company is also raising its full year guidance.
Total SaaS revenue increased by 26.1% year-over-year.
Total Marketing Services revenue increased by 12.9% year-over-year.
SaaS Monthly Active Users (MAU) grew by 27% year-over-year.
SaaS Net Dollar Retention (NDR) reached 96%.
Revenue by Segment
Forward Guidance
The company provided guidance for Q3 2022 and FY 2022, raising guidance from previous range.
Positive Outlook
- Total SaaS Revenue: $53.7 to $54.2 million for Q3 2022 and $209.5 to $211.0 million for FY 2022, raised from previous guidance.
- Adjusted EBITDA: $4.8 to $5.3 million loss for Q3 2022 and $16.0 to $19.0 million loss for FY 2022, improved from previous guidance.
- Total Marketing Services Revenue: $205.0 to $210.0 million for Q3 2022 and $955.0 to $970.0 million for FY 2022, raised from previous guidance.
- Adjusted EBITDA: $335.0 to $340.0 million for FY 2022, raised from previous guidance.
- Company expects FY22 Marketing Services EBITDA margin of ~35%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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