Q1 2025 Financial Performance - SaaS revenue increased to $111.129 million, a 49.5% year-over-year increase compared to $74.322 million in Q1 2024 [34] - Marketing Services revenue decreased to $70.242 million, a (55.9)% year-over-year decrease compared to $159.302 million in Q1 2024 [34] - Consolidated revenue decreased to $181.371 million, a (22.4)% year-over-year decrease compared to $233.624 million in Q1 2024 [34] - The company reported a net loss of $9.618 million, compared to a net income of $8.424 million in Q1 2024 [34] Profitability Metrics - SaaS Adjusted EBITDA increased to $10.815 million, compared to $3.435 million in Q1 2024 [34] - SaaS Adjusted EBITDA Margin increased to 9.7%, compared to 4.6% in Q1 2024 [34] - Marketing Services Adjusted EBITDA decreased to $10.086 million, compared to $50.679 million in Q1 2024 [34] - Marketing Services Adjusted EBITDA Margin decreased to 14.4%, compared to 31.8% in Q1 2024 [34] - Consolidated Adjusted EBITDA decreased to $20.901 million, compared to $54.114 million in Q1 2024 [34] - Consolidated Adjusted EBITDA Margin decreased to 11.5%, compared to 23.2% in Q1 2024 [34] Future Outlook - The company expects SaaS revenue between $113.0 million and $115.0 million for Q2 2025 and between $460.5 million and $471.0 million for FY 2025 [55] - The company expects Marketing Services revenue between $90.0 million and $91.0 million for Q2 2025 and between $310.0 million and $314.0 million for FY 2025 [55]
Thryv(THRY) - 2025 Q1 - Earnings Call Presentation