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Sep 30, 2023
Thryv Q3 2023 Earnings Report
Thryv exceeded SaaS guidance and raised the full-year SaaS outlook.
Key Takeaways
Thryv reported a strong third quarter with SaaS revenue growth of 19% year-over-year. The company's SaaS revenue and EBITDA surpassed expectations, and SaaS subscribers increased by 29%. Thryv also delivered strong operating cash flow of $45.9 million and reduced debt by $42.5 million.
SaaS revenue increased 19% year-over-year.
SaaS Adjusted EBITDA exceeded guidance by over $3 million.
Subscribers increased 29% year-over-year.
Operating cash flow was $45.9 million.
Revenue by Segment
Forward Guidance
Thryv is issuing guidance for the fourth quarter of 2023 and full year 2023.
Positive Outlook
- SaaS Revenue (Q4 2023): $70.25 - $71.25 million
- SaaS Revenue (Full Year 2023): $260 - $261 million
- SaaS Adjusted EBITDA (Q4 2023): $3.5 - $4.0 million
- SaaS Adjusted EBITDA (Full Year 2023): $9.0 - $9.5 million
- Marketing Services Revenue (Q4 2023): $159 - $164 million
Challenges Ahead
- Marketing Services Revenue (Full Year 2023): $650 - $655 million
- Marketing Services Adjusted EBITDA (Q4 2023): $47 - $49 million
- Marketing Services Adjusted EBITDA (Full Year 2023): $177 - $179 million
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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