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Sep 30, 2020
Thryv Q3 2020 Earnings Report
Estimated Revenue:$0
Estimated EPS:$0
Key Takeaways
Thryv Holdings, Inc. reported a total revenue of $240.3 million for Q3 2020, a 25% decrease compared to Q3 2019. However, the SaaS business saw a 2% increase in revenue, reaching $31.8 million. The company reported a net loss of $0.1 million, or $0.00 per share. Adjusted EBITDA was $69.3 million, representing a 28.8% margin.
Total revenue decreased by 25% year-over-year to $240.3 million.
SaaS revenue increased by 2% year-over-year to $31.8 million.
Marketing Services revenue decreased by 28% year-over-year to $208.5 million.
Net loss was $0.1 million, or $0.00 per share.
Revenue by Segment
Forward Guidance
Thryv provided outlook for the remainder of 2020, expecting SaaS revenue of $128 million for the full year, implying $33 million for Q4. Marketing Services revenue is expected to be in the range of $955 million to $965 million for the full year, implying $190 million to $200 million for Q4. Adjusted EBITDA is expected to be in the range of $358 million to $363 million for the full year, implying $58 million to $63 million for Q4.
Positive Outlook
- SaaS revenue is expected to increase in the low single digits year-over-year in Q4.
- SaaS will end 2020 with a solid run-rate, which is expected to continue into 2021.
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