Business
Thryv Grows SaaS Revenue 25% Year-Over-Year in Fourth Quarter 2022
– Company exceeds all guidance metrics – Fourth quarter total SaaS clients increased 13% and SaaS monthly active users increased 37% year-over-year
About this update from Thryv Holdings, Inc.
[{"type":"text","content":"\n– Company exceeds all guidance metrics\n– Fourth quarter total SaaS clients increased 13% and SaaS monthly active users increased 37% year-over-year\n\n DALLAS--(BUSINESS WIRE)--\nThryv Holdings, Inc. (NASDAQ:THRY) (“Thryv” or the “Company”), the provider of the leading small business software platform, Thryv®, announced that it grew its SaaS revenue 25% year-over-year in the fourth quarter of 2022.\n\n“We delivered strong fourth quarter results, closing out a record year at Thryv,” said Joe Walsh, Thryv Chairman and CEO. “We exceeded all of our guidance metrics – reporting strong SaaS revenue growth, improving SaaS Adjusted EBITDA and increasing marketing services revenue. Our key SaaS metrics, subscribers and ARPU, grew double digits year-over-year as a result of our focus on innovation and execution. Our software platform is driving time to first value for clients. We hear from clients they want to reduce friction by consolidating their multiple point solutions and logins. With our all-in-one cloud based platform, SMBs have one login and one dashboard to gain greater business efficiency.”\n\n“As we begin 2023, we are focused on our strategic initiatives - increasing engagement and usage - because these lead to increased renewal and spend,\" Walsh continued. \"In support of our goal of driving engagement, we recently announced the move to a multiple-center platform. By offering multiple centers, we can solve additional problems small to medium businesses (SMBs) face.”\n\nMarketing Center, Thryv's newest center, delivers the tools an SMB needs to market and grow their business. The solution offers improved online presence, a suite of marketing tools, search, social, display and connected TV advertising. In the future, additional centers will be launching enabling SMBs to address additional problems.\n\n“I am confident that in 2023, we will sustain durable SaaS revenue growth and will continue to generate strong EBITDA margins from a consolidated standpoint,” said Paul Rouse, Chief Financial Officer. “Given the strength of our product offering, size of our customer base and revenue diversification, market demand has remained strong.”\n\nFourth Quarter 2022 Financial Highlights:\n\nRevenue\n\n\nTotal SaaS1 revenue was $59.3 million, a 24.9% increase year-over-year\n\n\nTotal Marketing Services2 revenue was $220.1 million, an 11...