THRY

EX-99.1

2 exhibit991-pressreleaseq32.htm

EX-99.1

Document

Exhibit 99.1

Thryv Reports Third Quarter 2026 Results, Focuses on Execution as a Pure-Play SaaS Business

–Successfully Launches Thryv's AI-Powered Growth Platform

–Q3 SaaS Monthly ARPU Grew Year-Over-Year to $373

–Beat Updated Q3 SaaS Adjusted EBITDA Guidance (after adjusting for the impact of discontinued operations)

DALLAS, November 9, 2026 – Thryv Holdings, Inc. (Nasdaq:THRY) (“Thryv” or the “Company”), provider of an AI-powered growth platform for local service businesses, reported results for the third quarter of 2026.

Third Quarter Financial 2026 Highlights1:

•SaaS revenue was $112.0 million, a decrease of 3.3% year-over-year, of which revenue from growth products grew 16%2 year-over-year, offset by headwinds in legacy CRM products

•Marketing Services revenue was $6.9 million

•Consolidated total revenue was $118.9 million

•Consolidated net loss was $116.0 million, or ($2.61) per diluted share; which includes a non-cash goodwill impairment charge of $94.8 million, compared to net loss of $24.9 million, or ($0.57) per diluted share, for the third quarter of 2025

•Consolidated Adjusted EBITDA was $4.2 million, representing an Adjusted EBITDA margin of 3.5%, compared to Consolidated Adjusted EBITDA of ($4.6) million, representing an Adjusted EBITDA margin of (3.3%), for the third quarter of 2025

•SaaS Adjusted EBITDA was $9.5 million, representing an Adjusted EBITDA margin of 8.5%, compared to SaaS Adjusted EBITDA of $5.6 million, representing an Adjusted EBITDA margin of 4.8%, for the third quarter of 2025

•Marketing Services Adjusted EBITDA was ($5.3) million, representing an Adjusted EBITDA margin of (76.3%), compared to Marketing Services Adjusted EBITDA of ($10.1) million, representing an Adjusted EBITDA margin of (47.1%), for the third quarter of 2025

•Consolidated Gross Profit was $73.7 million

•Consolidated Adjusted Gross Profit3 was $78.4 million

•SaaS Gross Profit was $73.2 million, representing a Gross Margin of 65.4%

•SaaS Adjusted Gross Profit1 was $77.6 million, representing an Adjusted Gross Margin of 69.3%

1 All amounts are from continuing operations. See “Print Divestiture” below for additional information.

2 Excludes CRM products. Growth products include the Thryv Growth Platform and additional marketing value-added services.

3 Defined as Gross profit adjusted to exclude the impact of depreciation and amortization expense and stock-based compensation expense.

Recent Business Highlights and Metrics

•Quality customers4 (defined as those contributing more than $400 in monthly recurring revenue) accounted for 72% of SaaS revenue3 in the third quarter of 2026

•SaaS clients were 98 thousand at the end of the third quarter of 2026

•Seasoned Net Revenue Retention5 was 89% for the third quarter of 2026

•SaaS monthly Average Revenue per Unit (“ARPU”)6 was $373 for the third quarter of 2026, an increase of 2.2% year-over-year

“We delivered a solid third quarter, driven by strong momentum and customer adoption of our new AI-powered Thryv Growth Platform™,” said Joe Walsh, CEO of Thryv. “As a result of the upcoming sale of our print directories business and our ongoing strategic restructuring, Thryv is now positioned to operate as a pure-play SaaS company. Looking ahead, we remain focused on execution, optimizing our cost structure, reducing outstanding debt and other liabilities, and further strengthening our balance sheet and financial profile.”

4 Excludes customers and revenue attributed to the Keap acquisition.

5 Seasoned NRR is calculated by dividing the revenue of all clients that have had one or more SaaS offerings for at least two years as of the last month of the year or quarter, as applicable, by the same clients' revenue one year ago. For each reporting quarter, the weighted-average monthly NRR from all the months in the quarter are reported. Seasoned NRR excludes clients acquired in the Keap acquisition.

6 Defined as total client billings for a particular month divided by the number of clients that have one or more revenue-generating solutions in that same month. This is a weighted-average calculation and inclusive of the impact from the Keap acquisition.

Print Divestiture

During the year ended December 31, 2023, the Company made the strategic decision to exit its Marketing Services business by the end of 2028 as part of its plan to fully transition into a SaaS-driven business model. In connection with this strategy, on September 12, 2026, Thryv, Inc., a wholly-owned subsidiary of the Company, entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Coldwater YP, LLC (the “Purchaser”), an affiliate of Carolwood, L.P., pursuant to which the Company has agreed to sell the assets of its print Yellow Pages and print White Pages directories in the United States, Australia, and New Zealand, the digital editions of those print directories, and Australia White Pages online (collectively, th

EX-99.1

2 exhibit991-pressreleaseq22.htm

EX-99.1

Document

Exhibit 99.1

Thryv Reports Second Quarter 2026 Results and Launches Thryv Growth Platform

–Q2 SaaS Revenue Grows to 76% of Total Revenue

–Q2 SaaS Monthly ARPU Increases 12% Year-Over-Year to $394

–Company Announces Strategic Restructuring Plan to Improve Operating Efficiencies

DALLAS, August 4, 2026 – Thryv Holdings, Inc. (NASDAQ:THRY) (“Thryv” or the “Company”), the provider of Thryv®, an AI-native growth platform for local service businesses, reported results for the second quarter of 2026.

"Our second quarter marked another step forward in the transformation of our business, with SaaS now representing 76% of our revenue and ARPU growing 12% year-over-year," said Joe Walsh, Thryv Chairman and CEO. "Our SaaS profile now reflects our deliberate focus on the newly launched Thryv Growth Platform, the first platform purpose-built for the small business owner with AI running underneath to turn every lead into measurable revenue. We are also announcing a restructuring plan that realigns our cost structure to focus on a SaaS operating model and extend the agentic AI capabilities embedded in Thryv's customer-facing platform. Looking ahead, we remain focused on reaccelerating the growth of our SaaS business. We are announcing today that we have partnered Ooma and plan to establish a strategic partnership with Wix, with a shared focus on helping small businesses succeed."

The Company expects to incur total restructuring and related charges of approximately $20 million to $25 million, approximately 10% of which has already been incurred, with approximately 40% expected to be recognized in the second half of 2026 and the remaining 50% to be recognized in 2027. Cost savings are anticipated to begin in 2027, building to approximately $55 million to $60 million in gross annualized cost savings upon completion.

“We remain focused on optimizing the Thryv Growth Platform, a unified, AI-native growth offering, concentrating investments to scale the business and expand profitability. These initiatives are expected to be accretive to Adjusted EBITDA margins in the future, while strengthening the Company's free cash flow generation,” stated Paul Rouse, Chief Financial Officer.

Second Quarter Financial 2026 Highlights:

•SaaS revenue was $114.5 million, a decrease of 0.5% year-over-year, of which Market, Sell, Grow initiatives grew 21%1 year-over-year, offset by headwinds in legacy CRM products

•Marketing Services revenue was $36.2 million

•Consolidated total revenue was $150.7 million

•Consolidated net loss was $16.7 million, or $(0.38) per diluted share; compared to net income of $13.9 million, or $0.31 per diluted share, for the second quarter of 2025

•Consolidated Adjusted EBITDA was $20.8 million, representing an Adjusted EBITDA margin of 13.8%

1 Excludes Keap. Market, Sell, Grow initiatives include Marketing Center and additional marketing value-added services.

•SaaS Adjusted EBITDA was $13.6 million, representing an Adjusted EBITDA margin of 11.8%

•Marketing Services Adjusted EBITDA was $7.3 million, representing an Adjusted EBITDA margin of 20.0%

•Consolidated Gross Profit was $94.6 million

•Consolidated Adjusted Gross Profit2 was $99.2 million

•SaaS Gross Profit was $72.7 million, representing a Gross Margin of 63.5%

•SaaS Adjusted Gross Profit1 was $76.2 million, representing an Adjusted Gross Margin of 66.6%

Recent Business Highlights and Metrics

•Quality customers3 (defined as those contributing more than $400 in monthly recurring revenue) accounted for 72% of SaaS revenue3 in the second quarter of 2026

•SaaS clients were 95 thousand at the end of the second quarter of 2026

•Seasoned Net Revenue Retention4 was 90% for the second quarter of 2026

•SaaS monthly Average Revenue per Unit (“ARPU”)5 was $394 for the second quarter of 2026, an increase of 11.9% year-over-year

Outlook

Based on information available as of August 4, 2026, Thryv is issuing guidance6 for the third quarter of 2026 and updating full year 2026 as indicated below:

3rd Quarter 4th QuarterFull Year

(in millions)202620262026

SaaS Revenue $111.0 - $112.0 $111.0 - $114.0 $453.0 - $457.0

SaaS Adjusted EBITDA7 $8.5 - $9.5 $9.0 - $10.0 $42.0 - $44.0

3rd Quarter4th QuarterFull Year

(in millions)202620262026

Marketing Services Revenue$34.0 - $35.0$40.0 - $41.0 $161.0 - $163.0

Marketing Services Adjusted EBITDA7 $5.0 - $6.0$5.5 - $6.5 $31.0 - $33.0

2 Defined as Gross profit adjusted to exclude the impact of depreciation and amortization expense and stock-based compensation expense.

3 Excludes customers and revenue attributed to the Keap acquisition.

4 Seasoned NRR is calculated by dividing the revenue of all clients that have had one or more SaaS offerings for at least two years as of the last month of the year or quarter, as applicable, by the same clients' revenue one year ago. For each reporting quarter, the weighted-average monthly NRR from all the months in th

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