Thryv Holdings, Inc. ( (THRY) ) has released its Q1 earnings. Here is a breakdown of the information Thryv Holdings, Inc. presented to its investors.
Thryv Holdings, Inc. is a company that provides a leading small business marketing and sales software platform, primarily operating in the software as a service (SaaS) sector, known for its AI-supported marketing and business automation tools.
In the first quarter of 2025, Thryv Holdings, Inc. reported a significant increase in SaaS revenue, marking a 50% year-over-year growth, and exceeding their guidance. This growth highlights the company’s strategic shift towards becoming a premier SMB software business.
Key financial metrics from the report include a total SaaS revenue of $111.1 million, with SaaS revenue excluding Keap increasing by 24% year-over-year. Despite a decrease in marketing services revenue by 56%, the company achieved a record seasoned net revenue retention of 103% and a consolidated adjusted EBITDA of $20.9 million.
Looking forward, Thryv’s management remains optimistic about sustaining profitable growth, driven by resilient customer demand and strategic investments in their platform. The company anticipates continued SaaS revenue growth and improvements in SaaS adjusted EBITDA margins throughout 2025.