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thryv Thryv Raises SaaS Revenue Guidance , Releases ThryvPay Mobile App and Reports First Quarter 2021 Financial Results SaaS Revenue Grows 17 % Year - Over - Year Strong SaaS Metrics show upward trajectory of Thryv software business Exhibit 99.1 DALLAS , May 13 , 2021- Thryv Holdings , Inc. ( NASDAQ : THRY ) ( " Thryv " or the " Company " ) , the provider of Thryy® software , the end to - end client experience platform for growing small businesses , announced financial results for the first quarter 2021. The Company has also raised its 2021 outlook for its SaaS segment . " Our strong Q1 performance confirms we are offering the right solution for small businesses , " said Joe Walsh , CEO and president of Thryv . " As a result of our execution , we are raising our SaaS revenue guidance for 2021 and remain well - positioned to capitalize on the market opportunity . " Today , we announced the release of our ThryvPaySM mobile app . This easy to use mobile payment app is ideally suited to the needs of service - based businesses and is now available at no monthly charge . It also offers added convenience for our Thryv platform subscribers . We are pleased to offer this app free of charge for small businesses and provide the option for frictionless upgrades to the full Thryv platform when the time is right . " First Quarter 2021 Financial Highlights ( 1 ) : U.S. SaaS revenue was $ 37.3 million , a 17 % increase year - over - year U.S. Marketing Services revenue was $ 227.9 million Thryv International Marketing Services revenue was $ 15.4 million Consolidated total revenue was $ 280.6 million Consolidated net income was $ 36.5 million Consolidated adjusted EBITDA was $ 104.9 million , representing an adjusted EBITDA margin of 37.4 % Consolidated gross profit was $ 182.4 million Consolidated adjusted gross profit was $ 193.8 million ( 1 ) Consolidated results include Sensis results subsequent to the March 1 , 2021 acquisition date . Additional US Business Highlights SaaS ARPU increased to $ 304 for the first quarter of 2021 , compared to $ 240 in the first quarter of 2020 Total SaaS clients increased sequentially to 44.5 thousand for the first quarter of 2021 SaaS monthly churn was 2.5 % for the first quarter of 2021 , compared to 3.4 % in the first quarter of 2020 Net Dollar Retention improved 16 percentage points to 89 % at end of the first quarter of 2021 , when compared to the first quarter of 2020 SaaS active users and usage frequency reached new all - time high as daily and weekly active users increased 44 % year - over - year