Thryv Grows SaaS Revenue in First Quarter 2026, Exceeds Total Company Revenue and EBITDA Guidance

• Q1 SaaS Revenue Grows to 70% of Total Revenue
• Q1 Marketing Center Revenue Growth of 29% Year-Over-Year
• Q1 SaaS Monthly ARPU Increases 13% Year-Over-Year to $378
• AI Delivering for Clients - Rapid Adoption Across New Platform Features

DALLAS: Thryv Holdings, Inc. (NASDAQ:THRY) (“Thryv” or the “Company”), the provider of Thryv®, the leading small business marketing and sales software platform, reported results for the first quarter of 2026.

First Quarter Financial 2026 Highlights:

• SaaS revenue was $116.7 million, a 5.0% increase year-over-year
• Marketing Services revenue was $50.9 million, a 27.5% decrease year-over-year
• Consolidated total revenue was $167.7 million, a decrease of 7.5% year-over-year
• Consolidated net income increased to $4.5 million, or $0.10 per diluted share; compared to net loss of $9.6 million, or $(0.22) per diluted share, for the first quarter of 2025
• Consolidated Adjusted EBITDA was $24.1 million, representing an Adjusted EBITDA margin of 14.4%
• SaaS Adjusted EBITDA was $10.8 million, representing an Adjusted EBITDA margin of 9.3%
• Marketing Services Adjusted EBITDA was $13.2 million, representing an Adjusted EBITDA margin of 26.0%
• Consolidated Gross Profit was $109.3 million
• Consolidated Adjusted Gross Profit1 was $112.9 million
• SaaS Gross Profit was $75.6 million, representing a Gross Margin of 64.8%
• SaaS Adjusted Gross Profit1 was $78.2 million, representing an Adjusted Gross Margin of 67.0%

Recent Business Highlights and Metrics

• Quality customers2 (defined as those contributing more than $400 in monthly recurring revenue) accounted for 70% of SaaS revenue2 in the first quarter of 2026
• SaaS clients were 96 thousand at the end of the first quarter of 2026
• Seasoned Net Revenue Retention3 was 93% for the first quarter of 2026
• SaaS monthly Average Revenue per Unit (“ARPU”)4 was $378 for the first quarter of 2026, an increase of 12.8% year-over-year
• Marketing Center revenue increased 29% year-over-year in the first quarter of 2026

"We delivered a strong start to 2026, with SaaS revenue exceeding our guidance and now representing 70% of total revenue," said Joe Walsh, Thryv Chairman and CEO. "Our upmarket motion is clearly working, as ARPU grew 13% year-over-year and Quality Customers now represent 70% of our SaaS revenue. We are expanding beyond our legacy client base, and are attracting larger small businesses with Marketing Center, engaging them at a higher level, and encouraging them to spend more - driving ARPU upward."

Outlook

Based on information available as of April 30, 2026, Thryv is issuing guidance5 for the second quarter of 2026 and full year 2026 as indicated below:

Earnings Conference Call Information

Thryv will host a conference call on Thursday, April 30, 2026 at 8:30 a.m. (Eastern Time) to discuss the Company's first quarter 2026 results.

To listen to this conference call, please use this link. After registering, a confirmation email will be sent, including access details. We recommend registering a day in advance or at a minimum thirty minutes prior to the start of the call. A live webcast will also be available on the Investor Relations section of the Company's website at investor.thryv.com.