Thryv Grows SaaS Revenue 33% in Third Quarter 2025

Thryv Grows SaaS Revenue 33% in Third Quarter 2025 October 30, 2025 – Q3 SaaS Monthly ARPU Expands 19% Year-Over-Year to $365 – Company Exceeds Q3 SaaS EBITDA Guidance – Company Generated Q3 Operating Cash Flow of $22 million 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 33% year-over-year in the third quarter of 2025. Third Quarter Financial 2025 Highlights: SaaS revenue was $115.9 million, a 33% increase year-over-yearSaaS revenue excluding Keap was $99.1 million, a 14% increase year-over-yearMarketing Services revenue was $85.7 million, an 8% decrease year-over-yearConsolidated total revenue was $201.6 million, an increase of 12% year-over-yearConsolidated net income was $5.7 million, or $0.13 per diluted share; compared to net loss of $96.1 million, or $(2.65) per diluted share, for the third quarter of 2024Consolidated Adjusted EBITDA was $40.8 million, representing an Adjusted EBITDA margin of 20.3%.SaaS Adjusted EBITDA was $19.6 million, representing an Adjusted EBITDA margin of 16.9%Total Marketing Services Adjusted EBITDA was $21.2 million, representing an Adjusted EBITDA margin of 24.8%Consolidated Gross Profit was $136.5 millionConsolidated Adjusted Gross Profit 1 was $140.3 millionSaaS Gross Profit was $82.4 million, representing a Gross Margin of 71.1%SaaS Adjusted Gross Profit 1 was $84.6 million, representing an Adjusted Gross Margin of 73.0% Recent Business Highlights SaaS clients increased 7% year-over-year to 103 thousand at the end of the third quarter of 2025SaaS clients, excluding Keap, were 90 thousandSeasoned Net Revenue Retention 2 was 94% as of September 30, 2025SaaS monthly Average Revenue per Unit (“ARPU”) 3 was $365 for the third quarter of 2025, an increase of 19% year-over-yearThryvPay total payment volume was $89 million, an increase of 9% year-over-year “We reported strong third quarter results - achieving 33% year-over-year SaaS growth while exceeding our SaaS Adjusted EBITDA guidance,” said Joe Walsh, Thryv Chairman and CEO. “Our 2025 strategy to increase customer spend is working, evidenced by ARPU expanding 19% year-over-year. We have been deepening relationships with our existing customers and are capitalizing on the opportunities AI gives our team to power small business growth. In addition, we continued to generate free cash flow, pay down debt and deleverage our business, positioning us with a stronger balance sheet." Outlook Based on information available as of October 30, 2025, Thryv is issuing guidance4 for the fourth quarter of 2025 and full year 2025 as indicated below: 4th Quarter Full Year (in millions) 2025 2025 SaaS Revenue $118.0 - $121.0 $460.0 - $463.0 SaaS Adjusted EBITDA $19.2 - $21.2 $73.0 - $75.0 4th Quarter Full Year (in millions) 2025 2025 Marketing Services Revenue $71.6 - $73.6 $323.0 - $325.0 Marketing Services Adjusted EBITDA $16.8 - $18.8 $76.0 - $78.0 Earnings Conference Call Information Thryv will host a conference call on Thursday, October 30, 2025 at 8:30 a.m. (Eastern Time) to discuss the Company's third quarter 2025 results. To register for this conference call, please use this link. After registering, a confirmation email will be sent, including dial-in details and a unique code for entry. We recommend registering a day in advance or at a minimum thirty minutes prior to the start of the call. To listen to the webcast, please use this link or visit Thryv's Investor Relations website at investor.thryv.com. A live webcast will also be available on the Investor Relations section of the Company's website at investor.thryv.com. Thryv Holdings, Inc. and Subsidiaries Consolidated Statements of Operations and Comprehensive Income (loss) Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except share and per share data) 2025 2024 2025 2024 Revenue $ 201,555 $ 179,852 $ 593,396 $ 637,560 Cost of services 65,090 67,871 191,023 223,350 Gross profit 136,465 111,981 402,373 414,210 Operating expenses: Sales and marketing 68,409 66,484 203,184 201,984 General and administrative 48,017 50,972 152,644 155,229 Impairment charges — 83,094 — 83,094 Total operating expenses 116,426 200,550 355,828 440,307 Operating income (loss) 20,039 (88,569 ) 46,545 (26,097 ) Other income (expense): Interest expense (5,834 ) (8,194 ) (17,882 ) (31,554 ) Interest expense, related party (2,751 ) (3,320 ) (8,728 ) (5,494 ) Net periodic pension cost (665 ) (1,581 ) (2,211 ) (4,743 ) Other income (expense) 682 218 3,631 (7,571 ) Income (loss) before income tax (expense) benefit 11,471 (101,446 ) 21,355 (75,459 ) Income tax (expense) benefit (5,817 ) 5,375 (11,388 ) (6,640 ) Net income (loss) $ 5,654 $ (96,071 ) $ 9,967 $ (82,099 ) Other comprehensive income (loss): Foreign currency translation adjustment, net of tax (272 ) 1,330 (531 ) 1,132 Comprehensive income (loss) $ 5,382 $ (94,741 ) $ 9,436 $ (80,967 ) Net income (loss) per common share: Basic $ 0.13 $ (2.65 ) $ 0.23 $ (2.28 ) Diluted $ 0.13 $ (2.65 ) $ 0.22 $ (2.28 ) Weighted-average shares used in computing basic and diluted net income (loss) per common share: Basic 43,747,896 36,308,992 43,636,031 35,983,826 Diluted 44,459,176 36,308,992 44,544,451 35,983,826 Thryv Holdings, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share data) September 30, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents $ 11,551 $ 16,311 Accounts receivable, net of allowance of $13,324 in 2025 and $13,051 in 2024 139,849 161,620 Contract assets, net of allowance of $52 in 2025 and $29 in 2024 2,822 2,127 Taxes receivable 8,338 6,218 Prepaid expenses 17,272 13,923 Deferred costs 11,775 8,402 Other current assets 2,317 2,119 Total current assets 193,924 210,720 Fixed assets and capitalized software, net 47,528 44,478 Goodwill 253,809 253,318 Intangible assets, net 27,774 34,259 Deferred tax assets 136,194 143,495 Other assets 42,570 25,895 Total assets $ 701,799 $ 712,165 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 6,069 $ 13,011 Accrued liabilities 88,241 95,462 Current portion of unrecognized tax benefits 27,759 26,196 Contract liabilities 33,614 40,315 Current portion of Term Loan 5,250 7,875 Current portion of Term Loan, related party 3,500 5,250 Other current liabilities 4,920 8,151 Total current liabilities 169,353 196,260 Term Loan, net 130,149 146,885 Term Loan, net, related party 88,764 100,436 ABL Facility 40,518 23,891 Pension obligations, net 39,841 38,014 Other liabilities 12,098 9,759 Total long-term liabilities 311,370 318,985 Commitments and contingencies Stockholders' equity Common stock - $0.01 par value, 250,000,000 shares authorized; 71,731,803 shares issued and 43,570,622 shares outstanding at September 30, 2025; and 70,556,740 shares issued and 43,033,960 shares outstanding at December 31, 2024 717 706 Additional paid-in capital 1,296,216 1,272,476 Treasury stock - 28,161,181 shares at September 30, 2025 and 27,522,780 shares at December 31, 2024 (497,934 ) (488,903 ) Accumulated other comprehensive loss (15,472 ) (14,941 ) Accumulated deficit (562,451 ) (572,418 ) Total stockholders' equity 221,076 196,920 Total liabilities and stockholders' equity $ 701,799 $ 712,165 Thryv Holdings, Inc. and Subsidiaries Consolidated Statements of Cash Flows Nine Months Ended September 30, (in thousands) 2025 2024 Cash Flows from Operating Activities Net income (loss) $ 9,967 $ (82,099 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 31,322 41,144 Amortization of deferred commissions 10,431 14,251 Amortization of debt issuance costs 2,454 3,151 Deferred income taxes 7,667 (11,823 ) Provision for credit losses and service credits 13,495 16,496 Stock-based compensation expense 19,552 17,653 Net periodic pension cost 2,211 4,743 Impairment charges — 83,094 (Gain) loss on foreign currency exchange rates (3,126 ) 933 Loss on early extinguishment of debt — 6,638 Other 38 (3,167 ) Changes in working capital items, excluding acquisitions: Accounts receivable (5,565 ) 18,161 Contract assets (695 ) (6,160 ) Prepaid expenses and other assets (21,509 ) (7,079 ) Accounts payable and accrued liabilities (16,100 ) (14,108 ) Other liabilities (8,821 ) (18,188 ) Net cash provided by operating activities 41,321 63,640 Cash Flows from Investing Activities Additions to fixed assets and capitalized software (22,491 ) (24,730 ) Acquisition of a business, net of cash acquired (143 ) — Net cash used in investing activities (22,634 ) (24,730 ) Cash Flows from Financing Activities Proceeds from Term Loan — 234,256 Proceeds from Term Loan, related party — 109,444 Payments of Term Loan (21,000 ) (345,151 ) Payments from Term Loan, related party (14,000 ) (16,717 ) Proceeds from ABL Facility 303,528 247,579 Payments of ABL Facility (286,901 ) (274,524 ) Principal payments on finance lease obligations (724 ) — Debt issuance costs — (5,480 ) Repurchases of common stock (4,999 ) (499 ) Other 166 5,646 Net cash used in financing activities (23,930 ) (45,446 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 591 (120 ) Decrease in cash, cash equivalents and restricted cash (4,652 ) (6,656 ) Cash, cash equivalents and restricted cash, beginning of period 17,760 20,530 Cash, cash equivalents and restricted cash, end of period $ 13,108 $ 13,874 Supplemental Information Cash paid for interest $ 24,152 $ 35,299 Cash paid for income taxes, net $ 4,402 $ 14,960 Segment Information The following tables summarize the operating results of the Company's reportable segments: Three Months Ended September 30, Change (in thousands) 2025 2024 Amount % Revenue SaaS $ 115,903 $ 87,055 $ 28,848 33.1 % Marketing Services 85,652 92,797 (7,145 ) (7.7 )% Total Revenue $ 201,555 $ 179,852 $ 21,703 12.1 % Adjusted EBITDA SaaS $ 19,591 $ 10,314 $ 9,277 89.9 % Marketing Services 21,242 9,309 11,933 128.2 % Consolidated Adjusted EBITDA5 $ 40,833 $ 19,623 $ 21,210 108.1 % Nine Months Ended September 30, Change (in thousands) 2025 2024 Amount % Revenue SaaS $ 342,037 $ 239,171 $ 102,866 43.0 % Marketing Services 251,359 398,389 (147,030 ) (36.9 )% Total Revenue $ 593,396 $ 637,560 $ (44,164 ) (6.9 )% Adjusted EBITDA SaaS $ 53,799 $ 23,914 $ 29,885 125.0 % Marketing Services 59,167 109,137 (49,970 ) (45.8 )% Consolidated Adjusted EBITDA5 $ 112,966 $ 133,051 $ (20,085 ) (15.1 )% ______________ 1 Defined as Gross profit adjusted to exclude the impact of depreciation and amortization expense and stock-based compensation expense. 2 Seasoned Net Revenue Retention is defined as net dollar retention excluding clients acquired over the previous 12 months as well as clients acquired in the Keap acquisition which closed on October 31, 2024. Revenue added to the SaaS segment as a result of the conversion of a Marketing Services product to a SaaS product is included in the calculation of Seasoned Net Revenue Retention for any client who, at the time Thryv converted a Marketing Services product to a SaaS product for that client, already had at least one SaaS product for at least one year. The revenue associated with the products upgraded by Thryv to SaaS for these clients increases SaaS revenue and Seasoned Net Revenue Retention at the time of conversion. 3 Defined as total client billings for a particular month divided by the number of clients that have one or more revenue-generating solutions in that same month. This is a blended calculation and inclusive of the impact from the Keap acquisition. 4 These statements are forward-looking and actual results may materially differ. Refer to the “Forward-Looking Statements” section below for information on the factors that could cause our actual results to materially differ from these forward-looking statements. 5 Consolidated Adjusted EBITDA is equal to SaaS Adjusted EBITDA and Marketing Services Adjusted EBITDA. See Non-GAAP Measures below for a reconciliation of Consolidated Adjusted EBITDA to Net income (loss). The following tables set forth reconciliations of our SaaS revenue for the Company to SaaS revenue excluding Keap and Keap SaaS revenue: Three Months Ended September 30, (in thousands) 2025 2024 Reconciliation of SaaS Revenue SaaS Revenue $ 115,903 $ 87,055 Less: Keap SaaS Revenue 16,775 — SaaS Revenue (excluding Keap) $ 99,128 $ 87,055 Nine Months Ended September 30, (in thousands) 2025 2024 Reconciliation of SaaS Revenue SaaS Revenue $ 342,037 $ 239,171 Less: Keap SaaS Revenue 53,376 — SaaS Revenue (excluding Keap) $ 288,661 $ 239,171 Non-GAAP Measures Our results included in this press release include Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Gross Profit, which are not presented in accordance with U.S. generally accepted accounting principles (“GAAP”). We have included Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Gross Profit because management believes they provide useful information to investors in gaining an overall understanding of our current financial performance and provide consistency and comparability with past financial performance. Specifically, we believe Adjusted EBITDA provides useful information to management and investors by excluding certain non-operating items that we believe are not indicative of our core operating results. In addition, Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Gross Profit are used by management for budgeting and forecasting as well as measuring the Company’s performance. We believe Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Gross Profit provide investors with the financial measures that closely align with our internal processes. We define Adjusted EBITDA (“Adjusted EBITDA”) as Net income (loss) plus Interest expense, Income tax expense, Depreciation and amortization expense, Restructuring and integration expenses, Stock-based compensation expense, and non-operating expenses, such as Other components of net periodic pension cost and certain unusual and non-recurring charges that might have been incurred. Adjusted EBITDA should not be considered as an alternative to Net income (loss) as a performance measure. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenue. We define Adjusted Gross Profit (“Adjusted Gross Profit”) as Gross profit adjusted to exclude the impact of Depreciation and amortization expense and Stock-based compensation expense. Non-GAAP financial information has limitations as an analytical tool and is presented for supplemental informational purposes only. Such information should not be considered a substitute for financial information presented in accordance with U.S. GAAP and may be different from similarly-titled non-GAAP measures used by other companies. The following is a reconciliation of Adjusted EBITDA to its most directly comparable GAAP measure, Net income (loss): Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2025 2024 2025 2024 Reconciliation of Adjusted EBITDA Net income (loss) $ 5,654 $ (96,071 ) $ 9,967 $ (82,099 ) Interest expense 8,585 11,514 26,610 37,048 Depreciation and amortization expense 9,615 12,519 31,322 41,144 Stock-based compensation expense 5,807 6,011 19,552 17,653 Restructuring and integration expenses(1) 5,371 4,861 15,546 17,679 Income tax expense (benefit) 5,817 (5,375 ) 11,388 6,640 Transaction costs (2) — 1,706 — 1,706 Net periodic pension cost(3) 665 1,581 2,211 4,743 Loss on early extinguishment of debt(4) — — — 6,638 Impairment charges — 83,094 — 83,094 Other(5) (681 ) (217 ) (3,630 ) (1,195 ) Adjusted EBITDA $ 40,833 $ 19,623 $ 112,966 $ 133,051 (1) For the three and nine months ended September 30, 2025 and 2024, expenses relate to periodic efforts to enhance efficiencies and reduce costs, and include severance benefits, and costs associated with abandoned facilities and system consolidation. For more information on our restructuring and integration expenses, please see our Q3 2025 Quarterly Report on Form 10-Q. (2) Expenses related to the Keap Acquisition. (3)Net periodic pension cost is from our non-contributory defined benefit pension plans that are currently frozen and incur no additional service costs.(4) In connection with the debt refinancing completed on May 1, 2024, the Company recorded a Loss on early extinguishment of debt related to the write-off of certain unamortized debt issuance costs on the Company's Prior Term Loan and Prior ABL Facility. See Note 8, Debt Obligations, to our consolidated financial statements included in Part I, Item 1 in our Q3 2025 Quarterly Report on Form 10-Q for more information. (5) Other primarily includes foreign exchange-related (income) expense. The following tables set forth reconciliations of Adjusted Gross Profit and Adjusted Gross Margin, to their most directly comparable GAAP measures, Gross Profit and Gross Margin: Three Months Ended September 30, 2025 (in thousands) SaaS Marketing Services Total Reconciliation of Adjusted Gross Profit Gross Profit $ 82,407 $ 54,058 $ 136,465 Plus: Depreciation and amortization expense 2,120 1,569 3,689 Stock-based compensation expense 85 62 147 Adjusted Gross Profit $ 84,612 $ 55,689 $ 140,301 Gross Margin 71.1 % 63.1 % 67.7 % Adjusted Gross Margin 73.0 % 65.0 % 69.6 % Three Months Ended September 30, 2024 (in thousands) SaaS Marketing Services Total Reconciliation of Adjusted Gross Profit Gross Profit $ 60,607 $ 51,374 $ 111,981 Plus: Depreciation and amortization expense 2,189 2,508 4,697 Stock-based compensation expense 92 69 161 Adjusted Gross Profit $ 62,888 $ 53,951 $ 116,839 Gross Margin 69.6 % 55.4 % 62.3 % Adjusted Gross Margin 72.2 % 58.1 % 65.0 % Nine Months Ended September 30, 2025 (in thousands) SaaS Marketing Services Total Reconciliation of Adjusted Gross Profit Gross Profit $ 244,088 $ 158,285 $ 402,373 Plus: Depreciation and amortization expense 6,836 4,950 11,786 Stock-based compensation expense 262 204 466 Adjusted Gross Profit $ 251,186 $ 163,439 $ 414,625 Gross Margin 71.4 % 63.0 % 67.8 % Adjusted Gross Margin 73.4 % 65.0 % 69.9 % Nine Months Ended September 30, 2024 (in thousands) SaaS Marketing Services Total Reconciliation of Adjusted Gross Profit Gross Profit $ 161,991 $ 252,219 $ 414,210 Plus: Depreciation and amortization expense 5,770 10,569 16,339 Stock-based compensation expense 228 280 508 Adjusted Gross Profit $ 167,989 $ 263,068 $ 431,057 Gross Margin 67.7 % 63.3 % 65.0 % Adjusted Gross Margin 70.2 % 66.0 % 67.6 % The following tables set forth reconciliations of Free Cash Flow to its most directly comparable GAAP measure, Net cash provided by operating activities: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2025 2024 2025 2024 Reconciliation of Free Cash Flow Net cash provided by operating activities $ 22,246 $ 35,980 $ 41,321 $ 63,640 Additions to fixed assets and capitalized software (7,636 ) (8,500 ) (22,491 ) (24,730 ) Free Cash Flow $ 14,610 $ 27,480 $ 18,830 $ 38,910 Supplemental Financial Information The following supplemental financial information provides Revenue, Net Income (Loss), Net Income (Loss) Margin, Adjusted EBITDA and Adjusted EBITDA Margin by our (i) SaaS business and (ii) Marketing Services business. Total SaaS Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. Total Marketing Services Adjusted EBITDA and Adjusted EBITDA margin are also non-GAAP financial measures. These non-GAAP financial measures are presented for supplemental informational purposes only and are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. We believe that these non-GAAP financial measures provide useful information about our global SaaS and Marketing Services financial performance, enhance the overall understanding of our global SaaS and Marketing Services past financial performance and allow for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We believe that these measures provide additional tools for investors to use in comparing our core financial performance over multiple periods. Three Months Ended September 30, 2025 (in thousands) SaaS Marketing Services Total Revenue $ 115,903 $ 85,652 $ 201,555 Net Income 5,654 Net Income Margin 2.8 % Adjusted EBITDA 19,591 21,242 40,833 Adjusted EBITDA Margin 16.9 % 24.8 % 20.3 % Three Months Ended September 30, 2024 (in thousands) SaaS Marketing Services Total Revenue $ 87,055 $ 92,797 $ 179,852 Net Loss (96,071 ) Net Loss Margin (53.4 )% Adjusted EBITDA 10,314 9,309 19,623 Adjusted EBITDA Margin 11.8 % 10.0 % 10.9 % Nine Months Ended September 30, 2025 (in thousands) SaaS Marketing Services Total Revenue $ 342,037 $ 251,359 $ 593,396 Net Income 9,967 Net Income Margin 1.7 % Adjusted EBITDA 53,799 59,167 112,966 Adjusted EBITDA Margin 15.7 % 23.5 % 19.0 % Nine Months Ended September 30, 2024 (in thousands) SaaS Marketing Services Total Revenue $ 239,171 $ 398,389 $ 637,560 Net Loss (82,099 ) Net Loss Margin (12.9 )% Adjusted EBITDA 23,914 109,137 133,051 Adjusted EBITDA Margin 10.0 % 27.4 % 20.9 % Forward-Looking Statements Certain statements contained herein are not historical facts, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Statements that include the words “may”, “will”, “could”, “should”, “would”, “believe”, “anticipate”, “forecast”, “estimate”, “expect”, “preliminary”, “intend”, “plan”, “target”, “project”, “outlook”, “future”, “forward”, “guidance” and similar statements of a future or forward-looking nature identify forward-looking statements. These statements are not guarantees of future performance. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We believe that these factors include, but are not limited to, the risks related to the following: significant competition for our Marketing Services solutions and SaaS offerings, including from companies that use components of our SaaS offerings provided by third parties; our ability to maintain profitability; our ability to manage our growth effectively; our ability to transition our Marketing Services clients to our Thryv platform, maintain transitioned clients on that platform and sell them additional or upgraded products; sell our platform into new markets or further penetrate existing markets; our ability to maintain our strategic relationships with third-party service providers; internet search engines and portals potentially terminating or materially altering their agreements with us; our ability to keep pace with rapid technological changes and evolving industry standards; our SMBs clients potentially opting not to renew their agreements with us or renewing at lower spend; potential system interruptions or failures, including cybersecurity breaches, identity theft, data loss, unauthorized access to data or other disruptions that could compromise our information; our potential failure to identify suitable acquisition candidates and consummate such acquisitions; our ability to complete acquisitions and the successful integration of such acquisitions, including our acquisition of Keap, and any failure of an acquired business to achieve its plans and objectives or realize any expected benefit from any such acquisition; the potential loss of one or more key employees or our inability to attract and to retain highly skilled employees; our ability to maintain the compatibility of our Thryv platform with third-party applications; our ability to successfully expand our operations and current offerings into new markets, including internationally, or further penetrate existing markets; our potential failure to provide new or enhanced functionality and features; our potential failure to comply with applicable privacy, security and data laws, regulations and standards; potential changes in regulations governing privacy concerns and laws or other domestic or foreign data protection regulations; our potential failure to meet service level commitments under our client contracts; our potential failure to offer high-quality or technical support services; our Thryv platform and add-ons potentially failing to perform properly; our use of artificial intelligence in our business, and challenges with properly managing its use, could result in reputational harm, competitive harm, and legal liability; the potential impact of future labor negotiations; our ability to protect our intellectual property rights, proprietary technology, information, processes, and know-how; rising inflation and our ability to control costs, including operating expenses; general macro-economic conditions, including a recession or an economic slowdown in the U.S. or internationally; adverse tax laws or regulations or potential changes to existing tax laws or regulations; costs, liabilities and reputational harm resulting from regulatory investigations, including the subpoena from the Division of Enforcement of the Securities and Exchange Commission (the “SEC”); volatility and weakness in bank and capital markets; and costs, obligations and liabilities incurred as a result of and in connection with being a public company as well as the risks and uncertainties set forth in the Company's most recent Annual Report on Form 10-K filed with the SEC. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such cautionary statements. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. For these reasons, we caution you against relying on forward-looking statements. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. These forward-looking statements speak only as of the date hereof and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About Thryv Thryv Holdings, Inc. (NASDAQ:THRY) is the provider of the leading sales and marketing platform designed to help small businesses attract new and repeat customers. Thryv software offers SMBs everything they need to manage day-to-day operations and grow efficiently. The platform’s AI-supported marketing and business automations help business owners save time, compete, and win. More than 100K businesses globally use Thryv software to connect with customers and run and grow their business. For more information, visit thryv.com. Source: Thryv