Thryv Holdings Inc

Thryv Holdings has agreed to sell its print directories business to Carolwood L.P. for $142M in cash. The divested business includes Print Yellow and White Pages in the U.S., Australia and New Zealand, along with related digital editions and Australia White Pages online, while Thryv will retain its Internet Yellow Pages and other online properties. Net proceeds will be used to repay debt and other liabilities, strengthening the company's balance sheet and financial profile. The transaction is expected to close in Q4 2026. THRY shares rose 4.5% premarket.

Thryv Holdings outlined a restructuring plan targeting approximately $60 million in run-rate savings while revising its full-year 2026 SaaS adjusted EBITDA guidance to $42 million to $44 million. CEO Joe Walsh said the company is sharpening its focus on the newly launched AI-native Thryv Growth Platform and its add-ons, which grew 21% year-over-year, and that SaaS now represents 76% of total revenue. CFO Paul Rouse detailed a roughly $25 million restructuring charge, with about half from vendor spend and half from workforce reductions, and guided third-quarter SaaS revenue to $111 million to $112 million with SaaS adjusted EBITDA of $8.5 million to $9.5 million. The company also announced strategic partnerships with Wix and Ooma and introduced a free-trial motion to expand distribution. Thryv ended the second quarter with 95,000 SaaS subscribers, SaaS ARPU of $394, and net debt of $241 million, representing a leverage ratio of 2.1 times.

Thryv Holdings and Wix.com plan to establish a strategic partnership to deliver integrated technology solutions to service-based small and medium businesses across North America and globally. The partnership combines Thryv's marketing platform with Wix's website and unified commerce solutions, aiming to provide a complete AI-powered technology foundation including payments, commerce, bookings, and marketing leads. Thryv brings approximately 100,000 active SaaS customers, a growth platform, a direct sales force, and deep expertise across service-business verticals. Together, the companies expect to expand the range of tools available to the SMB market.

Thryv has launched a new AI-native growth platform designed for local service businesses. The platform combines AI software with optional expert marketing assistance to help businesses get found online, identify high-value leads, and track which marketing investments drive revenue. Early data shows businesses using AI Lead Insights generate 40 percent more revenue per client and convert leads at 1.5 times the rate of non-scored leads. The platform also integrates with field service management platforms like Jobber, and a free 30-day trial is available. Thryv serves more than 100,000 small businesses globally.