Thryv swings to $16.7 million Q2 loss as revenue falls 28.4% year-over-year
Thryv reported second quarter 2026 revenue of $150.7 million, down 28.4% from $210.5 million a year earlier, and a net loss of $16.7 million, or $(0.38) per diluted share, compared with net income of $13.9 million, or $0.31 per share, in the second quarter of 2025. The company also announced a restructuring plan with $20 million to $25 million in total charges, and it cut its full-year 2026 Marketing Services revenue outlook and Adjusted EBITDA outlook, which shareholders should weigh against the expected savings of $55 million to $60 million a year starting in 2027.
Key points
- Q2 2026 revenue was $150.7 million, down from $210.5 million; Marketing Services revenue fell 62.0% to $36.2 million while SaaS revenue was $114.5 million, down 0.5%
- Consolidated Adjusted EBITDA was $20.8 million, a 13.8% margin, versus $51.2 million a year earlier
- Restructuring charges of $20 million to $25 million are expected, with about 10% already incurred, about 40% in the second half of 2026 and about 50% in 2027
- Full-year 2026 guidance: SaaS revenue of $453.0 million to $457.0 million and Marketing Services revenue of $161.0 million to $163.0 million; total company revenue of $614.0 million to $620.0 million
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.