Full Transcript: Thryv Holdings Q2 2026 Earnings Call

On Tuesday, Thryv Holdings (NASDAQ: THRY ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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The full earnings call is available at Summary Thryv Holdings reported a strong Q2 2026, with SaaS revenue at $114.5 million, contributing to 76% of total revenue, a significant validation of their transformation into a SaaS company.

The company launched the Thryv Growth Platform, an AI-native product, marking a strategic shift towards a more focused product offering, which they believe will drive growth in both small and large businesses.

Strategic partnerships and integrations were announced, including with Wix and Ooma, aiming to expand distribution and reach into large SMB customer bases without traditional acquisition costs.

Management provided updated guidance, lowering full-year SaaS revenue expectations to $453-457 million and adjusted EBITDA to $42-44 million, citing deliberate investment in product development and a strategic shift in focus.

The restructuring program announced is expected to result in $60 million in run-rate savings, despite a $25 million charge, aligning with a streamlined business model centered around the new growth platform.

Full Transcript OPERATOR And strategy.

Cameron, please go ahead.

Cameron Lessard, Senior Vice President - Corporate Development, Strategy, Treasury, & IR Good morning and thank you for joining us for Thryv Holdings second quarter 2026 earnings conference call.

With me today are Joe Walsh, Chairman and Chief Executive Officer, Grant Freeman, President, and Paul Rouse, Chief Financial Officer.

Before we begin, I'd like to remind you that today's call may contain forward-looking statements, including statements about our business outlook and strategy, future financial results, growth prospects, and other matters that are not historical facts.

These statements are subject to risks and uncertainties and our actual results may differ materially.

Please refer to our most recent filings with the SEC for a discussion of factors that could cause our results to differ materially from these forward-looking statements.

We do not undertake any obligation to update these statements.

In addition, today's discussion will include references to non-GAAP financial measures.

Please refer to the press release we issued this morning for a reconciliation of our non-GAAP measures to the most comparable GAAP measures.

The press release and investor presentation are available in the Investor Relations section of our website at investor.thryv.com.

With that, I'll now turn the call over to Joe Walsh.

Joe Walsh, Chairman and Chief Executive Officer Thank you, Cameron.

Good morning, everyone, and thank you for joining us.

Let me start with the Q2 headline.

Thryv delivered on the quarter, and I'm going to start by focusing on our strategy and highlight the numbers that tell the story.

Cameron will take you through some new partnerships that we've landed and Grant will focus on our new Thryv Growth Platform.

Following that, Paul will walk you through our Q2 results and updated guidance.

Our transformation to a pure play SaaS company is not something that happened to us.

It's something that we have executed year after year, running two motions at once, streamlining and taking costs out of our business while growing a leading SMB software business inside it.

Every year leaner, every year more software.

That's the work that's making this a fit company, and fit companies win.

We took more of these actions this quarter and we'll walk you through the restructuring and savings elements.

At the end of the call you will see that we are revising our full-year outlook.

As we made a choice, we narrowed our focus to Marketing Center, its add-ons, and getting the Thryv Growth Platform to market.

During this period we invested less in sales headcount and marketing in order to prioritize the push we're now making behind the new Growth Platform launch.

SaaS is now 76% of total revenue and this quarter that transformation has been validated.