Thryv reported a strong third quarter with SaaS revenue growth of 29% year-over-year and record SaaS margins. The company reported 45% year-over-year growth in SaaS clients and achieved the 'Rule of 40'. The acquisition of Keap is expected to expand Thryv's marketing and sales solutions.
SaaS revenue increased by 29% year-over-year.
Marketing Services revenue decreased by 20% year-over-year.
Seasoned NDR increased 900 bps year-over-year to 101%.
Total SaaS clients increased 45% year-over-year.
Thryv issued guidance for the fourth quarter and full year 2024.
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