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THRY News
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Sees Marketing Services Revenue at $161M-$163M
Sees Marketing Services revenue $161M-$163M.
Sees Marketing Revenue of $40M-$41M
Sees marketing revenue $40M-$41M.
Company Expects Restructuring Charges of $20M to $25M
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.
Thryv Reports Q2 Revenue of $150.7M, SaaS Represents 76%
Reports Q2 revenue $150.7M, consensus $145.98M. "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 with Ooma and plan to establish a strategic partnership with Wix, with a shared focus on helping small businesses succeed."
Thryv and Wix Establish Strategic Partnership
Thryv Holdings (THRY) and Wix.com (WIX) announced plans to establish a strategic partnership designed to deliver integrated technology solutions to service-based small and medium businesses across North America and globally. This partnership will bring together two of the most recognized platforms serving the SMB market, Thryv's comprehensive marketing platform and Wix's global website and unified commerce solutions, in a broad agreement that is positioned to deliver value to the companies and the customers they serve.
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