Thryv Swings to a Q2 Loss and Launches Restructuring to Save Over $55M Annually

summarizeSummary

Thryv posted a Q2 net loss of $16.7M as Marketing Services revenue plunged 62%, offset by SaaS stability. A new restructuring plan targets $55M–$60M in annual savings, and partnerships with Ooma and Wix were unveiled to boost SaaS growth.

check_boxKey Events · Earnings and Guidance · THRY

• Q2 Net Loss of $16.7M

  Consolidated revenue fell 28.4% YoY to $150.7M, driven by a 62% drop in Marketing Services. Net loss was $16.7M vs. a $13.9M profit a year ago. Adjusted EBITDA declined 59.4% to $20.8M.

• Restructuring Plan Announced

  Thryv expects $20M–$25M in total charges, with ~40% in H2 2026 and 50% in 2027. Annualized cost savings of $55M–$60M are anticipated upon completion, aimed at realigning costs to a SaaS operating model.

• SaaS Revenue Stable, ARPU Up 12%

  SaaS revenue was $114.5M, down just 0.5% YoY, with Market/Sell/Grow initiatives growing 21%. SaaS monthly ARPU rose 12% to $394, and quality customers (>$400/month) now represent 72% of SaaS revenue.

• Partnerships with Ooma and Wix

  Thryv announced a partnership with Ooma and plans a strategic partnership with Wix to help small businesses succeed, aiming to reaccelerate SaaS growth.

auto_awesomeAnalysis · THRY · Trade & Services

A sharp reversal from profit to a $16.7M net loss underscores the collapse in legacy Marketing Services revenue, which plunged 62%. In response, the company is pivoting aggressively to its SaaS platform—now 76% of revenue—and has unveiled a restructuring plan expected to yield $55M–$60M in annual savings. New partnerships with Ooma and Wix aim to reaccelerate SaaS growth, but near-term margins are under pressure, with the SaaS Adjusted EBITDA margin halving to 11.8%. While restructuring charges and a declining cash position add risk, the cost-cutting roadmap and SaaS ARPU growth provide a path to improved profitability.