Thryv Reports Q3 2026 Results Amid SaaS Transition and Print Business Divestiture
Thryv Holdings, Inc. (THRY) reported third-quarter 2026 financial results characterized by a strategic pivot from legacy print services toward an AI-powered growth platform. While SaaS revenue saw a slight year-over-year decrease of 3.3% to $112 million due to headwinds in legacy CRM products, the company's new growth products surged 16%, reaching over 60% of total SaaS revenue. The quarter was heavily impacted by a noncash goodwill impairment charge of $94.8 million, resulting in a net loss of $116 million ($2.61 per diluted share). However, the company is successfully monetizing its legacy assets, with the sale of its print business to Carolwood, L.P. expected to generate $142 million in cash proceeds by the fourth quarter of 2026.