Thryv Holdings, Inc. · NASDAQ:THRY
Thryv — Q2 2026 Earnings Presentation
26 slides from Thryv's earnings presentation, Aug 4, 2026
Slide 1: 2nd Quarter 2026
2ND QUARTER 2026 Exhibit 99.2
Slide 2: Safe Harbor
Safe Harbor thryv This Presentation may include certain forward-looking statements, that reflect our current views with respect to future events and financial performance. Such statements are provided under the “safe harbor” protection of the Private Securities Litigation Reform Act of 1995 and incl
Slide 3: Leading AI-Native Platform: Investment Highlights
Leading Al-Native Platform Powerful Al-native Growth Platform that helps small businesses (SMBs) get found online, grow their business, and invest smarter. Massive Market Opportunity Established and resilient service-based SMBs benefitting from cloud adoption. Global TAM > 8M businesses ($40B annual
Slide 4: Business Overview
thryv Business Overview
Slide 5: Year-Over-Year % Growth
(Year-Over-Year % Growth) Excludes revenue attributed to the Keap acquisition made in 2024. 5
Slide 6: Meet Thryv: The AI-native Growth Platform
Action items » THE SOLUTION Meet Thryv. [eam The Al-native Growth Platform built for local service businesses. os
Slide 7: Get found online. Grow your business. Invest smarter.
Get found online. Grow your business. Invest smarter. Al-native platform connects your visibility, leads and revenue. Run it yourself, hand it to our experts or mix both — without changing the tools you already use. Al-Native Growth Platform ) \e) \e) \e) with confidence.
Slide 8: Thryv AI
THRYV Al Your business gets smarter every day. Thryv Al scores every lead, surfaces your best opportunities, and continuously optimizes campaigns, so you always know where to focus. ) Scores the lead (rating of 1- 5) 0 of paid clients came 8 9 % from Al-scored leads rated 4or5 Ensure the highest con
Slide 9: Foundation: Get Found Online
FOUNDATION Get Found Online Build a strong online foundation, show up where your customers are searching. Online Listings Management Sync your business info across Google, Yelp, and 60+ directories automatically. Reputation Management Request, monitor, and respond to reviews, Al drafts responses for
Slide 10: Boosts: Grow Your Business
BOOSTS Grow Your Business Expand your reach further, focus on the leads most likely to buy. Search BOOSTS SEO + AEO — show up on Google and Al-powered search results where customers are looking. Ads BOOSTS Paid search and lead generation campaigns that drive more customers in the door. Brand BOOSTS
Slide 11: AI Lead Insights
AlLead Insights Intent scoring, Al summaries, and recommended next actions for every lead. Reporting & Attribution Dashboards See exactly which campaigns drive revenue, all the way from click to close. Call Analysis Trackable phone numbers on every listing thryv
Slide 12: Financial Review Q2 2026
thryv Financial Review Q2 2026
Slide 13: Q2 SaaS Highlights
SaaS % of Total Market, Sell Grow Revenue Revenue FINANCIAL REVIEW Q2 SaaS Highlights 76% +21% YoY ARPU Adjusted Gross Margin(1) $394 67% +12% YoY Quality Customer % of Quality Customer SaaS Revenue Count(2) 72% 18k +600 bps b YoY (1) See Appendix for a reconciliation of Gross Margin to Adjusted Gro
Slide 14: SaaS percentage of revenue may fluctuate due to timing
The SaaS percentage of revenue may fluctuate due to the timing of revenue recognized from Marketing Services print publications, which are recognized upfront for the full contract term in accordance with ASC 606. However, SaaS continues to account for the clear majority of total revenue and is expec
Slide 15: Quality Client Revenue Growth
thryv Quality Client Revenue Growth’ 72% FINANCIAL REVIEW 70% e e Quality Client 68% Growth Clients spending more than 66% $400/month are driving an increasing proportion of SaaS revenue — reflecting upmarket momentum. 64% 62% Q2'25 Q3'25 Q4'25 Qv26 Q2'26 Quality client counts, defined as customers
Slide 16: Thryv Initiated Upgrades
(1) Thryv Initiated Upgrades refers to upgrades to the SaaS platform initiated by Thryv for selected Marketing Services products at no additional base cost to the converted customers. Total SaaS and Local Sales Generated inclusive of results from the Keap acquisition. 16
Slide 17: 2nd Quarter Highlights
2nd Quarter Highlights 2nd Quarter $ in thousands 2026 2025 YoY% SaaS Revenue $114,480 $115,005 (0.5)% Adjusted EBITDA(1) 13,562 23,393 Adjusted EBITDA Margin(2) 11.8% 20.3% Marketing Services Revenue $36,248 $95,465 (62.0)% Adjusted EBITDA(1) 7,263 27,839 Adjusted EBITDA Margin(2) 20.0% 29.2% Conso
Slide 18: Q3 and FY 2026 Outlook
Q3 and FY 2026 Outlook (in millions, USD) Q3 2026 Q4 2026 FY 2026 SAAS REVENUE $111.0 to $112.0 $111.0 to $114.0 $453.0 to $457.0 Adjusted EBITDA $8.5 to $9.5 $9.0 to $10.0 $42.0 to $44.0 (in millions, USD) Q3 2026 Q4 2026 FY 2026 MARKETING SERVICES REVENUE $34.0 to $35.0 $40.0 to $41.0 $161.0 to $1
Slide 19: Appendix
thryv Appendix
Slide 20: Non-GAAP Financial Reconciliation
APPENDIX Non-GAAP Financial Reconciliation (in thousands) Q1-25 Q2-25 Q3-25 Q4-25 FY25 Q1-26 Q2-26 YTD 26 Net income (loss) $ (9,618) $ 13,931 $ 5,654 $ (9,660) $ 307 $ 4,542 $ (16,660) $ (12,118) Interest expense 9,073 8,952 8,585 8,148 34,758 6,607 7,518 14,125 Depreciation and amortization expens
Slide 21: Non-GAAP Financial Reconciliation
APPENDIX Non-GAAP Financial Reconciliation Reconciliation of Adjusted Gross Profit to Gross Profit Three Months Ended June 30, 2026 (in thousands) SaaS Marketing Services Consolidated Reconciliation of Adjusted Gross Profit Gross profit $ 72,745 $ 21,815 $ 94,560 Plus: Depreciation and amortization
Slide 22: Non-GAAP Financial Reconciliation
APPENDIX Non-GAAP Financial Reconciliation Reconciliation of Adjusted Gross Profit to Gross Profit Six Months Ended June 30, 2026 (in thousands) SaaS Marketing Services Consolidated Reconciliation of Adjusted Gross Profit Gross profit $ 148,377 $ 55,439 $ 203,816 Plus: Depreciation and amortization
Slide 23: Supplemental Financial Information
APPENDIX Supplemental Financial Information Three Months Ended June 30, 2026 (in thousands) SaaS Marketing Services Total Revenue $ 114,480 $ 36,248 $ 150,728 Adjusted EBITDA 13,562 7,263 20,825 Adjusted EBITDA Margin 11.8 % 20.0 % 13.8 % Three Months Ended June 30, 2025 (in thousands) SaaS Marketin
Slide 24: Supplemental Financial Information
APPENDIX Supplemental Financial Information Six Months Ended June 30, 2026 (in thousands) SaaS Marketing Services Total Revenue $ 231,218 $ 87,194 $ 318,412 Adjusted EBITDA 24,378 20,511 44,889 Adjusted EBITDA Margin 10.5 % 23.5 % 14.1 % Six Months Ended June 30, 2025 (in thousands) SaaS Marketing S
Slide 25: Unbilled receivables
1 Unbilled receivables represent print revenue earned but not yet invoiced and are expected to result in future cash collections as clients are billed under contract terms. Per ASC 606 accounting policy, print revenue is recognized upfront at the time of delivery. 25
Slide 26: Definitions
APPENDIX Definitions Definitions of key terms used in this presentation are as follows: • Adjusted EBITDA1: Defined as Net income (loss) plus Interest expense, Income tax expense (benefit), Depreciation and amortization expense, Restructuring and integration expenses, Stock-based compensation expens