Business
Thryv Grows SaaS Profitability in the Second Quarter, Raises Full-Year 2023 Guidance
– Company achieves 20% SaaS revenue growth – Company's Q2 SaaS Adjusted EBITDA exceeds guidance range by $5 million – Full Year 2023 SaaS Revenue and
About this update from Thryv Holdings, Inc.
[{"type":"text","content":"\n– Company achieves 20% SaaS revenue growth\n– Company's Q2 SaaS Adjusted EBITDA exceeds guidance range by $5 million\n– Full Year 2023 SaaS Revenue and Adjusted EBITDA guidance raised\n– Launches free, industry-first offering, Thryv Command Center, to drive product-led growth strategy\n\n\n DALLAS--(BUSINESS WIRE)--\nThryv Holdings, Inc. (NASDAQ:THRY) (“Thryv” or the “Company”), the provider of Thryv®, the leading small business software platform, reported SaaS revenue growth of 20% year-over-year in the second quarter of 2023, while SaaS EBITDA margins expanded to 10%.\n\n\n“We delivered solid second quarter results,” said Joe Walsh, Chairman and CEO. “We have been focused on driving profitable SaaS growth - and we have a strong operating framework in place for this to continue. Our consistent, profitable SaaS growth is the result of leveraging our sales channels. We also continue to demonstrate that our traditional sales channels, selling SaaS to our existing Marketing Services customers, and our client referral initiatives, drive significant margin expansion and profitability. Together, this has improved our SaaS EBITDA margins by 10% sequentially.”\n\n\n“We are continuing the evolution of our Thryv platform and are laser-focused on delivering solutions that solve problems that small businesses face,” Walsh continued. “We have released a beta version of Thryv Command Center, an industry-first offering that will be a core element to our product-led growth initiative. Thryv Command Center can be downloaded for free to all small business users, and they can upgrade to a more powerful and advanced paid version as their needs warrant. Thryv Command Center centralizes all communication, from email to text to phone and video, into one inbox. With all of our centers, users can upgrade as they are ready. We are excited about this new center, which reinforces our commitment to innovation and layers a product-led growth onto our sales-led motion.”\n\n\nWith this launch, the Thryv platform has been re-architected, providing small business owners a modular, easily expandable and customizable user experience that meets their needs. It creates a strong new customer acquisition channel and a clear path to sustained Net Dollar Retention improvement. This launch continues the roll out of new centers, such as the recently announced Marketing ...