
Thryv (NASDAQ:THRY) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

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Thryv (NASDAQ:THRY) reported quarterly earnings of $0.10 per share, exceeding expectations by $0.16. Revenue reached $167.68 million, surpassing analyst estimates. SaaS revenue grew 5% YoY to $116.7 million, now comprising 70% of total revenue. However, marketing services revenue declined 33% YoY as the company transitions to SaaS. Management raised full-year SaaS revenue guidance to $463M–$471M. Despite positive earnings, Thryv's stock fell to $3.58, reflecting investor skepticism due to weak profitability metrics and a significant drop in marketing services revenue.
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