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EarningsQ2 2026 Earnings Report
THRY Q2 2026 EPS Results
Actual EPS-$0.38
Consensus EPS-$0.10
Beat/MissMissed by -$0.28
One Year Ago EPS$0.31
THRY Q2 2026 Revenue Results
Actual Revenue$150.73M
Expected Revenue$145.98M
Beat/MissBeat by +$4.75M
YoY Revenue Growth-28.39%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
THRY Upcoming Earnings
Thryv Holdings's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
THRY Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: strong strategic progress and product milestones (AI-native Thryv Growth Platform launch, partnerships with Wix and Ooma, MSG growth of 21%, ARPU +12% YoY, early client outcome improvements) alongside meaningful near-term financial and operational headwinds (lowered SaaS guidance and EBITDA, 36% decline in Marketing Services billings, a $25M restructuring charge and short-term revenue pressure from deliberate reductions in sales/marketing). Management framed the negatives as disciplined, intentional sequencing to prioritize building a scalable AI-native platform and redirect investments into sales and distribution in H2 2026 and 2027; however, execution and short-term profitability remain key risks to monitor.Company Guidance
SaaS Mix and Classification
SaaS is now 76% of total revenue and Thryv has been added to the GICS as a software company, reflecting the company's transformation to a pure-play SaaS profile.
Thryv Growth Platform Launch (AI-native)
Launched the Thryv Growth Platform (GA Aug 3) — an AI-native product with ~70% new code designed for the AI era; management positions this as the central product for future growth.
MSG Growth
Market, Sell, Grow (MSG) grew 21% year-over-year and has delivered double-digit growth for more than a dozen consecutive quarters, supporting the upmarket shift.
ARPU and Client Spend Expansion
SaaS ARPU increased 12% year-over-year to $394; 72% of clients now spend $400+ (up 2 percentage points), indicating larger client profiles and higher spend per client.
Q2 SaaS Revenue and Margins
Q2 SaaS reported revenue of $114.5 million (within guidance); SaaS adjusted gross margin of 66.6% and SaaS adjusted EBITDA of $13.6 million (12% margin).
Subscriber and Multiproduct Adoption
Ended Q2 with 95,000 SaaS subscribers; multiproduct adoption (clients with 2+ SaaS products) at 29% versus 28% a year ago, signaling increasing product wallet share.
Marketing Services Near-Term Performance
Q2 Marketing Services revenue was $36.2 million (above guidance) with adjusted EBITDA of $7.3 million and a 20% adjusted EBITDA margin; full-year Marketing Services revenue guidance low end raised to $161–$163 million.
Partnerships and Integrations to Expand Distribution
Announced strategic partnerships with Wix and Ooma and integrations with Breesy and Jobber to provide new distribution channels, warm leads, and deeper product-to-workflow connectivity.
Client Outcomes and AI Impact (Early Results)
Early platform results include clients seeing ~40% more revenue and AI-scored leads closing 1.5x faster, which management cites as evidence of the product's value proposition and flywheel potential.
Restructuring and Expected Cost Savings
Announced a restructuring charge of approximately $25 million (severance, contract exits) with expected run-rate savings of ~$60 million, split ~half in 2026 and half in H1 2027.
Balance Sheet and Leverage
Net debt at quarter-end was $241 million with a leverage ratio of 2.1x; management indicated cash flow is sufficient to service debt obligations.
THRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed