Thryv Q1 revenue beats analyst estimates on SaaS growth

Thryv Holdings

30/04/2026 12:47

Overview

US small business software firm's Q1 revenue fell yr/yr but beat analyst expectations

Q1 adjusted EBITDA beat analyst expectations

SaaS revenue grew 5% and now represents 70% of total revenue

Outlook

Thryv sees Q2 SaaS revenue at $114 mln to $115 mln

Company expects full-year 2026 SaaS revenue of $463 mln to $471 mln

Company forecasts full-year 2026 Marketing Services revenue of $157 mln to $163 mln

Result Drivers

SAAS GROWTH - SaaS revenue rose 5% yr/yr and now makes up 70% of total revenue, reflecting shift toward software solutions

MARKETING SERVICES DECLINE - Marketing Services revenue fell 27.5% yr/yr, weighing on total revenue

HIGHER ARPU AND LARGER CLIENTS - SaaS ARPU increased 13% yr/yr to $378, driven by attracting larger small businesses and higher engagement

Company press release: ID:nBw7Rlnw3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$167.68 mln
$161.66 mln (4 Analysts)
Q1 EPS
$0.10
Q1 Net Income
$4.54 mln
Q1 Adjusted EBITDA
Beat
$24.10 mln
$22.76 mln (4 Analysts)
Q1 Adjusted EBITDA Margin
14.40%
Q1 Adjusted Gross Profit
$112.90 mln
Q1 EBIT
$4.06 mln
Q1 Gross Profit
$109.26 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the advertising & marketing peer group is "buy."

Wall Street's median 12-month price target for Thryv Holdings Inc is $4.00, about 9.3% above its April 29 closing price of $3.66

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)