Thryv Holdings, Inc. reported its third quarter 2024 financial results on November 7, 2024, highlighting a 29% year-over-year increase in SaaS revenue. The company's SaaS segment achieved the 'Rule of 40' for the quarter, a key metric for software companies combining revenue growth and Adjusted EBITDA margin.
SaaS revenue reached $87.055 million, with SaaS Adjusted EBITDA margin at a record high. The number of SaaS clients grew by 45% year-over-year, and Seasoned Net Dollar Retention (NDR) increased by 900 basis points to 101%, demonstrating successful customer expansion strategies.
Despite a consolidated net loss of $96.071 million, primarily due to an $83.094 million non-cash goodwill impairment charge related to the Marketing Services segment, Thryv raised its full-year 2024 SaaS revenue guidance to a range of $329.5 million to $331.5 million. The company also provided Q4 2024 SaaS revenue guidance of $90.0 million to $92.0 million, which includes an expected contribution of $11.0 million to $12.0 million from the recently acquired Keap business for November and December.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.