THRY Latest Report

Key Financial Data

1. Thryv Holdings' total operating revenue decreased from $236 million in 2023 to $187 million in 2024, a decrease of approximately 20.73% YoY. This significant decline indicates challenges in revenue generation, possibly related to market competition, changes in customer demand, and strategic adjustments.

2. Intensified competition may lead to a decrease in Thryv's market share, and customer demand for its products or services may also decrease due to changes in the economic environment.

3. Strategic adjustments, such as the transition to a SaaS platform, may affect its revenue performance in the short term.

4. Macroeconomic factors, such as a recession, may lead to a decrease in customer spending, affecting operating revenue.

Peer Comparison

1. Industry-wide analysis: Considering the change in Thryv Holdings' total operating revenue, it is necessary to analyze the overall performance of the industry. If the entire industry's revenue decreases, it may be due to shrinking demand; conversely, if the industry performs well while Thryv's revenue declines, it may indicate issues within the company.

2. Peer evaluation analysis: Comparing Thryv's total operating revenue with that of other companies in the same industry can better assess its performance. If other industry companies maintain stable or growing revenue during the same period, while Thryv experiences a decline, it further emphasizes the challenges the company faces.

Summary

Thryv Holdings' decrease in total operating revenue reflects its challenges in market competition, changes in customer demand, and the macroeconomic environment. The company is addressing these challenges through product improvements and strategic adjustments, but the short-term revenue decline may affect its market position.

Opportunities

1. Thryv is enhancing its SaaS platform's functionality to meet changing customer needs, providing a foundation for new revenue opportunities.

2. With the increasing demand for cloud solutions among small businesses, Thryv's position in this market is solidified, potentially bringing new customer groups.

3. By converting traditional customers to SaaS service customers, Thryv can increase customer value and create opportunities for future product sales.

Risks

1. Competitors' products and services may be more attractive, threatening Thryv's market share.

2. Unstable macroeconomic environments may lead to weaker customer spending, further affecting operating revenue.

3. Geopolitical conflicts and rising protectionism may negatively impact Thryv's international business, requiring the company to have stronger adaptability.