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 IncRestructuring plan with $60M run-rate savings and revised 2026 SaaS adjusted EBITDA guidance to $42M-$44M.
Ooma IncStrategic partnership with Ooma announced to expand distribution.
Salesforce.com Inc
Wix.Com Ltd