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Dec 31, 2024
Thryv Q4 2024 Earnings Report
Total SaaS revenue increased, exceeding SaaS guidance. Consolidated net income was reported, and SaaS Adjusted EBITDA margin was achieved.
Key Takeaways
Thryv Holdings, Inc. reported a strong fourth quarter with a 41% year-over-year increase in Total SaaS revenue. The company achieved a SaaS Adjusted EBITDA margin of 17% and saw a 73% increase in total SaaS subscribers with the addition of Keap's SaaS clients.
Total SaaS revenue increased by 41% year-over-year.
Thryv SaaS revenue, excluding Keap's revenue, increased by 23% year-over-year.
Total Marketing Services revenue decreased by 49% year-over-year.
Total SaaS subscribers increased by 73% year-over-year.
Revenue by Segment
Forward Guidance
Thryv provided guidance for the first quarter and full year 2025, anticipating continued SaaS revenue growth and margin expansion.
Positive Outlook
- SaaS Revenue for Q1 2025 is expected to be between $107.5 million and $110.0 million.
- SaaS Revenue for the full year 2025 is expected to be between $464.5 million and $474.0 million.
- SaaS Adjusted EBITDA for Q1 2025 is expected to be between $9.0 million and $9.5 million.
- SaaS Adjusted EBITDA for the full year 2025 is expected to be between $69.5 million and $71.0 million.
- Keap is expected to contribute $75 to $78 million of revenue for the full year 2025.
Challenges Ahead
- Marketing Services Revenue for Q1 2025 is expected to be between $65.0 million and $66.0 million.
- Marketing Services Revenue for Q2 2025 is expected to be between $90.0 million and $91.0 million.
- Marketing Services Revenue for Q3 2025 is expected to be between $83.0 million and $84.0 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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