EX-99.1 2 ef20048349_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1

Thryv Grows SaaS Revenue in First Quarter 2025,
First Quarter Results Exceed Guidance

–
 Q1 SaaS Revenue Increased 50% Year-Over-Year
–
 Q1 SaaS Revenue (Ex-Keap) Increased 24% Year-Over-Year
–
 Q1 SaaS Revenue over 60% of Total Revenue
–
 Q1 Record Seasoned NRR of 103%

DALLAS, May 1, 2025 – Thryv Holdings, Inc. (NASDAQ:THRY) (“Thryv” or the “Company”), the provider of Thryv®, the leading small business marketing and sales software platform, reported an increase in SaaS revenue of 50% year-over-year in the first quarter of 2025.
 
“Thryv started 2025 with strong positive momentum as SaaS revenue accelerated to over 60% of total revenue, underscoring the progress of our strategic transformation into a premier SMB software business,” said Joe Walsh, Thryv Chairman and CEO. “While we remain focused on acquiring and upgrading subscribers to the platform, we have been deepening relationships with our existing customers and expanding ARPU. We are leaning into cross-selling and anticipate continued growth as we enhance our product-led strategy and expand into new verticals. Looking ahead, the resilient customer demand we are experiencing is encouraging, and we are committed to driving sustainable, profitable growth as we continue to invest in our platform.”

“In the first quarter, we exceeded our guidance, and balanced SaaS top-line growth with disciplined cost management,” stated Paul Rouse, Chief Financial Officer. “Seasoned NRR increased to a record 103% in the first quarter as a result of upselling and cross-selling additional products and services to our customer base. For the remainder of 2025, we expect to deliver SaaS revenue growth and continued SaaS Adjusted EBITDA margin improvement.”
 
First Quarter 2025 Highlights:
 

 •
SaaS revenue was $111.1 million, a 50% increase year-over-year

•
SaaS revenue excluding Keap was $92.2 million, a 24% increase year-over-year

•
Marketing Services revenue was $70.2 million, a 56% decrease year-over-year

•
Consolidated total revenue was $181.4 million, a decrease of 22% year-over-year

•
Consolidated net loss was $9.6 million, or $(0.22) per diluted share; compared to net income of $8.4 million, or $0.22 per diluted share, for the first quarter of 2024

•
Consolidated Adjusted EBITDA was $20.9 million, representing an Adjusted EBITDA margin of 11.5%.

•
SaaS Adjusted EBITDA was $10.8 million, representing an Adjusted EBITDA margin of 9.7%

•
Total Marketing Services Adjusted EBITDA was $10.1 million, representing an Adjusted EBITDA margin of 14.4%

•
Consolidated Gross Profit was $119.3 million

•
Consolidated Adjusted Gross Profit1 was $123.7 million

•
SaaS Gross Profit was $78.8 million, representing a Gross Margin of 70.9%

•
SaaS Adjusted Gross Profit2 was $81.5 million, representing an Adjusted Gross Margin of 73.3%
 
SaaS Metrics
 

 •
SaaS clients increased 59% year-over-year to 111 thousand at the end of the first quarter of 2025 SaaS clients, excluding Keap, increased 37% year-over-year to 96 thousand

•
Seasoned Net Revenue Retention2 was 103% for the first quarter of 2025, an increase of 900 bps year-over-year, excluding Keap

•
SaaS monthly Average Revenue per Unit (“ARPU”)3 was $335 for the first quarter of 2025

•
ThryvPay total payment volume was $71 million, an increase of 13% year-over-year

1 Defined as Gross profit adjusted to exclude the impact of depreciation and amortization expense and stock-based compensation expense.
2 Seasoned Net Revenue Retention is defined as net dollar retention excluding clients acquired over the previous 12 months as well as clients acquired in the Keap acquisition which closed on October 31, 2024.
3 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 blended calculation and inclusive of the impact from the Keap acquisition.


Outlook
 
Based on information available as of May 1, 2025, Thryv is issuing guidance4 for the second quarter of 2025 and full year 2025 as indicated below:

   
2nd Quarter
    
Full Year
  
(in millions)
  
2025
    
2025
  
SaaS Revenue
  
$
113.0 - $115.0
    
$
460.5 - $471.0
  
SaaS Adjusted EBITDA
  
$
18.5 - $19.5
    
$
67.0 - $71.0
  

   
2nd Quarter
    
3rd Quarter
    
4th Quarter
    
Full Year
  
(in millions)
  
2025
    
2025
    
2025
    
2025
  
Marketing Services Revenue
  
$
90.0 - $91.0
    
$
83.0 - $84.0
    
$
72.0 - $73.0
    
$
315.0 - $318.0
  
Marketing Services Adjusted EBITDA
  
$
24.0 - $26.0
                    
$
77.5 - $78.5
  

Earnings Conference Call Information
 
Thryv will host a conference call on Thursday, May 1, 2025 at 8:30 a.m. (Eastern Time) to discuss the Company's first quarter 2025 results.

For analysts to register for this conference call, please use this link. After registering, a confirmation email will be sent, including dial-in details and a unique code for entry. We recommend registering a day in advance or at a minimum thirty minutes prior to the start of the call. To listen to the webcast, please use this link or visit Thryv's Investor Relations website at investor.thryv.com. A live webcast will also be available on the Investor Relations section of the Company's website at investor.thryv.com.

If you are unable to participate in the conference call, a replay will be available at this link.
4 These statements are forward-looking and actual results may materially differ. Refer to the “Forward-Looking Statements” section below for information on the factors that could cause our actual results to materially differ from these forward-looking statements.
Thryv Holdings, Inc. and Subsidiaries
Consolidated Statements of Operations and Comprehensive (Loss) Income
 
   
Three Months Ended
  
   
March 31,
  
(in thousands, except share and per share data)
  
2025
    
2024
  
Revenue
  
$
181,371
    
$
233,624
  
Cost of services
    
62,083
      
79,983
  
Gross profit
    
119,288
      
153,641
  
                 
Operating expenses:
                
Sales and marketing
    
70,051
      
70,091
  
General and administrative
    
52,271
      
52,416
  
Total operating expenses
    
122,322
      
122,507
  
                 
Operating (loss) income
    
(3,034
)
    
31,134
  
Other income (expense):
                
Interest expense
    
(6,067
)
    
(13,359
)
Interest expense, related party
    
(3,006
)
    
—
  
Other components of net periodic pension cost
    
(768
)
    
(1,581
)
Other income (expense)
    
392
      
(2,373
)
(Loss) income before income tax benefit (expense)
    
(12,483
)
    
13,821
  
Income tax benefit (expense)
    
2,865
      
(5,397
)
Net (loss) income
  
$
(9,618
)
  
$
8,424
  
Other comprehensive income (loss):
                
Foreign currency translation adjustment, net of tax
    
(187
)
    
(265
)
Comprehensive (loss) income
  
$
(9,805
)
  
$
8,159
  
                 
Net (loss) income per common share:
                
Basic
  
$
(0.22
)
  
$
0.24
  
Diluted
  
$
(0.22
)
  
$
0.22
  
                 
Weighted-average shares used in computing basic and diluted net (loss) income per common share:
                
Basic
    
43,412,366
      
35,186,121
  
Diluted
    
43,412,366
      
37,985,785
  


Thryv Holdings, Inc. and Subsidiaries
Consolidated Balance Sheets
 
(in thousands, except share data)
  
March 31, 2025
    
December 31, 2024
  
Assets
            
Current assets
            
Cash and cash equivalents
  
$
10,993
    
$
16,311
  
Accounts receivable, net of allowance of $13,144 in 2025 and $13,051 in 2024
    
139,894
      
161,620
  
Contract assets, net of allowance of $33 in 2025 and $29 in 2024
    
1,980
      
2,127
  
Taxes receivable
    
7,493
      
6,218
  
Prepaid expenses
    
30,806
      
13,923
  
Deferred costs
    
9,486
      
8,402
  
Other current assets
    
2,035
      
2,119
  
Total current assets
    
202,687
      
210,720
  
Fixed assets and capitalized software, net
    
41,998
      
44,478
  
Goodwill
    
253,809
      
253,318
  
Intangible assets, net
    
31,956
      
34,259
  
Deferred tax assets
    
146,530
      
143,495
  
Other assets
    
26,754
      
25,895
  
Total assets
  
$
703,734
    
$
712,165
  
                 
Liabilities and Stockholders' Equity
                
Current liabilities
                
Accounts payable
  
$
5,894
    
$
13,011
  
Accrued liabilities
    
80,828
      
95,462
  
Current portion of unrecognized tax benefits
    
26,703
      
26,196
  
Contract liabilities
    
42,873
      
40,315
  
Current portion of Term Loan
    
15,750
      
—
  
Current portion of Term Loan, related party
    
10,500
      
5,250
  
Other current liabilities
    
6,847
      
8,151
  
Total current liabilities
    
189,395
      
196,260
  
Term Loan, net
    
139,565
      
—
  
Term Loan, net, related party
    
95,382
      
100,436
  
ABL Facility
    
37,790
      
—
  
Pension obligations, net
    
38,699
      
38,014
  
Other liabilities
    
9,672
      
9,759
  
Total long-term liabilities
    
321,108
      
318,985
  
Commitments and contingencies
                
Stockholders' equity
                
Common stock - $0.01 par value, 250,000,000 shares authorized; 71,496,077 shares issued and 43,728,331 shares outstanding at March 31, 2025; and 70,556,740 shares issued and 43,033,960 shares outstanding at December 31, 2024
    
715
      
706
  
Additional paid-in capital
    
1,282,424
      
1,272,476
  
Treasury stock - 27,767,746 shares at March 31, 2025 and 27,522,780 shares at December 31, 2024
    
(492,744
)
    
(488,903
)
Accumulated other comprehensive loss
    
(15,128
)
    
(14,941
)
Accumulated deficit
    
(582,036
)
    
(572,418
)
Total stockholders' equity
    
193,231
      
196,920
  
Total liabilities and stockholders' equity
  
$
703,734
    
$
712,165
  


Thryv Holdings, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
 
   
Three Months Ended March 31,
  
(in thousands)
  
2025
    
2024
  
Cash Flows from Operating Activities
            
Net (loss) income
  
$
(9,618
)
  
$
8,424
  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
                
Depreciation and amortization
    
11,516
      
14,553
  
Amortization of deferred commissions
    
3,499
      
4,849
  
Amortization of debt issuance costs
    
830
      
1,310
  
Deferred income taxes
    
(2,986
)
    
(3,110
)
Provision for credit losses and service credits
    
3,782
      
7,475
  
Stock-based compensation expense
    
7,737
      
5,289
  
Other components of net periodic pension cost
    
768
      
1,581
  
Other
    
(355
)
    
(779
)
Changes in working capital items, excluding acquisitions:
                
Accounts receivable
    
16,840
      
(9,750
)
Contract assets
    
147
      
(1,670
)
Prepaid expenses and other assets
    
(20,672
)
    
(18,169
)
Accounts payable and accrued liabilities
    
(22,338
)
    
(5,754
)
Other liabilities
    
369
      
1,189
  
Net cash (used in) provided by operating activities
    
(10,481
)
    
5,438
  
                 
Cash Flows from Investing Activities
                
Additions to fixed assets and capitalized software
    
(7,085
)
    
(7,278
)
Acquisition of a business, net of cash acquired
    
(143
)
    
—
  
Net cash used in investing activities
    
(7,228
)
    
(7,278
)
                 
Cash Flows from Financing Activities
                
Payments of Term Loan
    
—
      
(9,368
)
Proceeds from ABL Facility
    
109,647
      
205,351
  
Payments of ABL Facility
    
(95,748
)
    
(198,459
)
Other
    
(1,620
)
    
918
  
Net cash provided by (used in) financing activities
    
12,279
      
(1,558
)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
    
124
      
(723
)
(Decrease) in cash, cash equivalents and restricted cash
    
(5,306
)
    
(4,121
)
Cash, cash equivalents and restricted cash, beginning of period
    
17,760
      
20,530
  
Cash, cash equivalents and restricted cash, end of period
  
$
12,454
    
$
16,409
  
                 
Supplemental Information
                
Cash paid for interest
  
$
8,256
    
$
11,911
  
Cash paid for income taxes, net
  
$
1,178
    
$
1,915
  


Segment Information
 
The following tables summarize the operating results of the Company's reportable segments:

   
Three Months Ended March 31,
    
Change
  
(in thousands)
  
2025
    
2024
    
Amount
    
%
  
Revenue
                        
SaaS
  
$
111,129
    
$
74,322
    
$
36,807
      
49.5
 %
Marketing Services
    
70,242
      
159,302
      
(89,060
)
    
(55.9
)%
Total Revenue
  
$
181,371
    
$
233,624
    
$
(52,253
)
    
(22.4
)%
                                 
Adjusted EBITDA
                                
SaaS
  
$
10,815
    
$
3,435
    
$
7,380
      
214.8
 %
Marketing Services
    
10,086
      
50,679
      
(40,593
)
    
(80.1
)%
Consolidated Adjusted EBITDA5
  
$
20,901
    
$
54,114
    
$
(33,213
)
    
(61.4
)%

The following tables set forth reconciliations of our SaaS revenue for the Company to SaaS revenue excluding Keap and Keap SaaS revenue:
 
   
Three Months Ended March 31,
  
(in thousands)
  
2025
    
2024
  
Reconciliation of SaaS Revenue
            
SaaS Revenue
  
$
111,129
    
$
74,322
  
Less:
                
Keap SaaS Revenue
    
18,882
      
—
  
SaaS Revenue (excluding Keap)
  
$
92,247
    
$
74,322
  

5 Consolidated Adjusted EBITDA is equal to SaaS Adjusted EBITDA and Marketing Services Adjusted EBITDA.  See Non-GAAP Measures below for a reconciliation of Consolidated Adjusted EBITDA to Net income (loss).
Non-GAAP Measures
 
Our results included in this press release include Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Gross Profit, which are not presented in accordance with U.S. generally accepted accounting principles (“GAAP”).

We have included Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Gross Profit because management believes they provide useful information to investors in gaining an overall understanding of our current financial performance and provide consistency and comparability with past financial performance. Specifically, we believe Adjusted EBITDA provides useful information to management and investors by excluding certain non-operating items that we believe are not indicative of our core operating results. In addition, Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Gross Profit are used by management for budgeting and forecasting as well as measuring the Company’s performance. We believe Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Gross Profit provide investors with the financial measures that closely align with our internal processes.

We define Adjusted EBITDA (“Adjusted EBITDA”) as Net income (loss) plus Interest expense, Income tax expense, Depreciation and amortization expense, Restructuring and integration expenses, Stock-based compensation expense, and non-operating expenses, such as Other components of net periodic pension cost and certain unusual and non-recurring charges that might have been incurred. Adjusted EBITDA should not be considered as an alternative to Net income (loss) as a performance measure. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenue. We define Adjusted Gross Profit (“Adjusted Gross Profit”) as Gross profit adjusted to exclude the impact of Depreciation and amortization expense and Stock-based compensation expense.

Non-GAAP financial information has limitations as an analytical tool and is presented for supplemental informational purposes only. Such information should not be considered a substitute for financial information presented in accordance with U.S. GAAP and may be different from similarly-titled non-GAAP measures used by other companies.

The following is a reconciliation of Adjusted EBITDA to its most directly comparable GAAP measure, Net (loss) income:
   
Three Months Ended March 31,
  
(in thousands)
  
2025
    
2024
  
Reconciliation of Adjusted EBITDA
            
Net (loss) income
  
$
(9,618
)
  
$
8,424
  
Interest expense
    
9,073
      
13,359
  
Depreciation and amortization expense
    
11,516
      
14,553
  
Stock-based compensation expense (1)
    
7,737
      
5,289
  
Restructuring and integration expenses (2)
    
4,682
      
5,265
  
Income tax (benefit) expense
    
(2,865
)
    
5,397
  
Other components of net periodic pension cost (4)
    
768
      
1,581
  
Other (5)
    
(392
)
    
246
  
Adjusted EBITDA
  
$
20,901
    
$
54,114
  



(1)
We record stock-based compensation expense related to the amortization of grant date fair value of the Company’s stock-based compensation awards.
 
(2)
For the three months ended March 31, 2025 and 2024, expenses relate to periodic efforts to enhance efficiencies and reduce costs, and include severance benefits, and costs associated with abandoned facilities and system consolidation. For more information on our restructuring and integration expenses, please see our Q1 2025 Quarterly Report on Form 10-Q.
 
(3)
Other components of net periodic pension cost is from our non-contributory defined benefit pension plans that are currently frozen and incur no additional service costs. The most significant component of Other components of net periodic pension cost relates to periodic mark-to-market pension remeasurement.
 
(4)
Other primarily includes foreign exchange-related (income) expense.
 
The following tables set forth reconciliations of Adjusted Gross Profit and Adjusted Gross Margin, to their most directly comparable GAAP measures, Gross profit and Gross margin:
 
   
Three Months Ended March 31, 2025
  
(in thousands)
  
SaaS
    
Marketing Services
    
Total
  
Reconciliation of Adjusted Gross Profit
                  
Gross profit
  
$
78,770
    
$
40,518
    
$
119,288
  
Plus:
                        
Depreciation and amortization expense
    
2,598
      
1,627
      
4,225
  
Stock-based compensation expense
    
84
      
70
      
154
  
Adjusted Gross Profit
  
$
81,452
    
$
42,215
    
$
123,667
  
Gross Margin
    
70.9
%
    
57.7
%
    
65.8
%
Adjusted Gross Margin
    
73.3
%
    
60.1
%
    
68.2
%
 

   
Three Months Ended March 31, 2024
  
(in thousands)
  
SaaS
    
Marketing Services
    
Total
  
Reconciliation of Adjusted Gross Profit
                  
Gross profit
  
$
49,095
    
$
104,546
    
$
153,641
  
Plus:
                        
Depreciation and amortization expense
    
1,704
      
4,072
      
5,776
  
Stock-based compensation expense
    
60
      
113
      
173
  
Adjusted Gross Profit
  
$
50,859
    
$
108,731
    
$
159,590
  
Gross Margin
    
66.1
%
    
65.6
%
    
65.8
%
Adjusted Gross Margin
    
68.4
%
    
68.3
%
    
68.3
%


Supplemental Financial Information
 
The following supplemental financial information provides Revenue, Net Income (Loss), Net Income (Loss) Margin, Adjusted EBITDA and Adjusted EBITDA Margin by our (i) SaaS business and (ii) Marketing Services business. Total SaaS Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. Total Marketing Services Adjusted EBITDA and Adjusted EBITDA margin are also non-GAAP financial measures. These non-GAAP financial measures are presented for supplemental informational purposes only and are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP.

We believe that these non-GAAP financial measures provide useful information about our global SaaS and Marketing Services financial performance, enhance the overall understanding of our global SaaS and Marketing Services past financial performance and allow for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We believe that these measures provide additional tools for investors to use in comparing our core financial performance over multiple periods.
 
   
Three Months Ended March 31, 2025
(in thousands)
  
SaaS
    
Marketing Services
    
Total
Revenue
  
$
111,129
    
$
70,242
    
$
181,371
Net (Loss)
                    
(9,618
)
Net (Loss) Margin
                    
(5.3
)%
Adjusted EBITDA
    
10,815
      
10,086
      
20,901
Adjusted EBITDA Margin
    
9.7
%
    
14.4
%
    
11.5
%

   
Three Months Ended March 31, 2024
  
(in thousands)
  
SaaS
    
Marketing Services
    
Total
  
Revenue
  
$
74,322
    
$
159,302
    
$
233,624
Net Income
                    
8,424
Net Income Margin
                    
3.6
%
Adjusted EBITDA
    
3,435
      
50,679
      
54,114
  
Adjusted EBITDA Margin
    
4.6
%
    
31.8
%
    
23.2
%


Forward-Looking Statements
Certain statements contained herein are not historical facts, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Statements that include the words “may”, “will”, “could”, “should”, “would”, “believe”, “anticipate”, “forecast”, “estimate”, “expect”, “preliminary”, “intend”, “plan”, “target”, “project”, “outlook”, “future”, “forward”, “guidance” and similar statements of a future or forward-looking nature identify forward-looking statements. These statements are not guarantees of future performance. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us.  While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate.  Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We believe that these factors include, but are not limited to, the risks related to the following: significant competition for our Marketing Services solutions and SaaS offerings, including from companies that use components of our SaaS offerings provided by third parties; our ability to maintain profitability; our ability to manage our growth effectively; our ability to transition our Marketing Services clients to our Thryv platform, maintain transitioned clients on that platform and sell them additional or upgraded products; sell our platform into new markets or further penetrate existing markets; our ability to maintain our strategic relationships with third-party service providers; internet search engines and portals potentially terminating or materially altering their agreements with us; our ability to keep pace with rapid technological changes and evolving industry standards; our SMBs clients potentially opting not to renew their agreements with us or renewing at lower spend; potential system interruptions or failures, including cybersecurity breaches, identity theft, data loss, unauthorized access to data or other disruptions that could compromise our information; our potential failure to identify suitable acquisition candidates and consummate such acquisitions; our ability to complete acquisitions and the successful integration of such acquisitions, including our recently completed acquisition of Keap, and any failure of an acquired business to achieve its plans and objectives or realize any expected benefit from any such acquisition; the potential loss of one or more key employees or our inability to attract and to retain highly skilled employees; our ability to maintain the compatibility of our Thryv platform with third-party applications; our ability to successfully expand our operations and current offerings into new markets, including internationally, or further penetrate existing markets; our potential failure to provide new or enhanced functionality and features; our potential failure to comply with applicable privacy, security and data laws, regulations and standards; potential changes in regulations governing privacy concerns and laws or other domestic or foreign data protection regulations; our potential failure to meet service level commitments under our client contracts; our potential failure to offer high-quality or technical support services; our Thryv platform and add-ons potentially failing to perform properly; our use of artificial intelligence in our business, and challenges with properly managing its use, could result in reputational harm, competitive harm, and legal liability; the potential impact of future labor negotiations; our ability to protect our intellectual property rights, proprietary technology, information, processes, and know-how; rising inflation and our ability to control costs, including operating expenses; general macro-economic conditions, including a recession or an economic slowdown in the U.S. or internationally; adverse tax laws or regulations or potential changes to existing tax laws or regulations; costs, liabilities and reputational harm resulting from regulatory investigations, including the subpoena from the Division of Enforcement of the Securities and Exchange Commission (the “SEC”); volatility and weakness in bank and capital markets; and costs, obligations and liabilities incurred as a result of and in connection with being a public company as well as the risks and uncertainties set forth in the Company's most recent Annual Report on Form 10-K filed with the SEC. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such cautionary statements.
If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. For these reasons, we caution you against relying on forward-looking statements. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. These forward-looking statements speak only as of the date hereof and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Thryv

Thryv Holdings, Inc. (NASDAQ:THRY) is the provider of the leading sales and marketing platform designed to help small businesses attract new and repeat customers. Thryv software offers SMBs everything they need to manage day-to-day operations and grow efficiently. The platform’s AI-supported marketing and business automations help business owners save time, compete, and win. More than 100K businesses globally use Thryv software to connect with customers and run and grow their business. For more information, visit thryv.com.

Media Contact:
Julie Murphy
Thryv, Inc.
617.967.5426
julie.murphy@thryv.com

Investor Contact: 
Cameron Lessard
Thryv, Inc.
cameron.lessard@thryv.com 

###