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

1. THRY's SaaS revenue increased by 50% year-over-year in Q1 2025. 2. SaaS now represents over 60% of total revenue, signaling strong growth.

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-1.93%Current Return
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+2.38%S&P 500
$13.705/01 07:43 AM EDTEvent Start
$13.43505/02 02:06 PM EDTLatest Updated
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FAQ

Why Very Bullish?

The significant growth in SaaS revenue indicates strong demand and successful strategic initiatives, similar to prior tech transformation successes. Companies often see substantial stock price increases with recurring revenue growth, especially in SaaS.

How important is it?

The article discusses key revenue milestones for THRY, crucial for investor sentiment and stock evaluation. SaaS expansion is often viewed favorably by investors, influencing price dynamics significantly.

Why Long Term?

Sustained SaaS growth can enhance valuation and investor confidence over time, akin to SaaS peers like Salesforce and HubSpot, which saw long-term stock recovery post similar growth announcements.

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CRMHUBSADBE
DALLAS--(BUSINESS WIRE)--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 Chair.

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