Thryv Holdings, Inc. (THRY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for attending today's Thrive Holdings second quarter 2025 earnings conference call. My name is Megan and I'll be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I would now like to turn the call over to Cameron Lassard with Thrive Holdings. Please go ahead. Good morning and thank you for joining us for Thrive Holding second quarter 2025 earnings conference call. With me today are Joe Walsh, chairman and chief executive officer and Paul Rouse, chief financial officer. During this call, we will make forward looking statements that are subject to various risks and uncertainties. Actual results may differ materially from these statements. A discussion of these risks and uncertainties is included in our earnings release and SEC filing. Today's presentation will also include non-GAAP financial measures, which should be considered in addition to, but not a substitute for our gap results. Reconciliation of these measures can be found in our earnings release. As a reminder on this call, SAS revenue reflects the combined performance of Thrive and KEEP. We will only specify KEEP's performance when discussing its revenue contribution for the quarter in fiscal year. With that, I'll turn the call over to Joe Walsh, chairman and CEO. Joe. Thank you, Cameron. And good morning, everyone. I will highlight a few items and Paul will take you through the numbers. We did it. We made it through the pinch point. At our investor day in December, we laid out a pinch point that was approaching for us. And investors were understandably concerned to see our leverage ratio rising. It was a challenging setup. You had accounting related pressure due to our publication sche...