Thryv Provides Preliminary, Unaudited Third Quarter 2024 Results

Third quarter unaudited revenue of $319 million, representing an increase of 10% year-over-year

Thryv Holdings, Inc. ("Thryv" or the "Company") (NASDAQ:THRY), a provider of end-to-end customer experience software and marketing solutions, today announced preliminary, unaudited financial results for the third quarter ended September 30, 2024.

Thryv's preliminary, unaudited financial results for the third quarter of 2024 include:

• Revenue of $319 million, representing an increase of 10% year-over-year.
• Subscription revenue of $282 million, representing an increase of 11% year-over-year.
• Gross profit of $199 million, representing an increase of 10% year-over-year.
• Adjusted EBITDA of $54 million, representing an increase of 11% year-over-year.
• Net income of $28 million, representing an increase of 12% year-over-year.

"We are pleased to report another quarter of strong financial performance, driven by continued demand for our end-to-end customer experience software and marketing solutions," said Joe Walsh, Thryv's CEO. "Our third quarter revenue growth was led by strong performance across all of our business segments, including our flagship Thryv platform, our Thryv Pay payment processing solution, and our Thryv Marketing suite. We are also excited about the recent launch of our new Thryv Care solution, which provides businesses with a comprehensive suite of tools to manage their customer service operations."

"Looking ahead, we remain confident in our ability to continue to drive growth and profitability in the quarters and years to come. We are well-positioned to capitalize on the growing demand for cloud-based customer experience software and marketing solutions, and we are committed to providing our customers with the tools and support they need to succeed."

Thryv will hold a conference call to discuss its third quarter 2024 financial results on Tuesday, November 7, 2024, at 8:00 a.m. Eastern Time. The conference call will be webcast live and can be accessed on the Company's website at https://investors.thryv.com/.

About Thryv Holdings, Inc.

Thryv Holdings, Inc. (NASDAQ:THRY) is a provider of end-to-end customer experience software and marketing solutions. Thryv's award-winning platform helps businesses attract, engage, and retain customers across the entire customer lifecycle. Thryv's software and marketing solutions are used by businesses of all sizes in a variety of industries, including healthcare, education, hospitality, and retail.

For more information, please visit https://thryv.com/.