CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Thryv Q3 revenue falls as legacy CRM products weigh

By Reuters News


Overview

  • AI-powered growth platform provider's Q3 revenue fell 13.5% and missed analyst expectations

  • Q3 adjusted EBITDA missed analyst expectations

  • Company posted net loss, driven by $94.8 mln non-cash goodwill impairment


Outlook

  • Thryv sees Q4 SaaS revenue between $110 mln and $111 mln

  • Company expects Q4 SaaS adjusted EBITDA of ($4.5) mln to ($5.5) mln

  • Thryv forecasts full-year 2026 SaaS revenue of $453 mln to $454 mln

  • Company expects full-year 2026 SaaS adjusted EBITDA of $16.5 mln to $17.5 mln


Result Drivers

  • PRODUCT MIX SHIFT - Growth product revenue rose 16% yr/yr, but declines in legacy CRM products weighed on SaaS revenue

  • PLATFORM ADOPTION - Co cited customer adoption of new AI-powered Thryv Growth Platform as a driver

  • BUSINESS TRANSITION - Co highlighted ongoing transition to pure-play SaaS model and exit from print directories


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$118.94 mln

$145.67 mln (4 Analysts)

Q3 Loss Per Share From Continuing Operations

$2.61

Q3 Net Loss

$103.07 mln

Q3 Adjusted EBITDA

Miss

$4.20 mln

$13.99 mln (4 Analysts)

Q3 Adjusted EBITDA Margin

3.50%

Q3 Adjusted Gross Profit

$78.40 mln

Q3 Operating Loss

$110.26 mln

Q3 Gross Profit

$73.69 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 $3.00, about 155.3% above its November 6 closing price of $1.18


Reuters Recommended Reads

  • Nov 9 - Israel's Monday.com Q3 revenue rises 19%

  • Nov 9 - UK's Kainos Group H1 revenue rises 37% on public sector contracts


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.