Thryv Holdings, Inc. Reports Goodwill Impairment Charges for the Fourth Quarter Ended December 31, 2023
February 22, 2024 at 07:31 am EST
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Thryv Holdings, Inc. reported impairment charges for the fourth quarter ended December 31, 2023. For the quarter, the company reported goodwill impairment charges of $268,846,000 against $102,000,000 a year ago.
Thryv Holdings, Inc. is a software and marketing services company that enables small-to medium-sized businesses (SMBs). The Companyâs software as a service (SaaS) platform, Thryv, is used by approximately 65,000 businesses, to manage their end-to-end operations. The Companyâs solutions enable its SMB clients to generate new business leads, manage their customer relationships, and run their day-to-day operations. It serves approximately 350,000 SMB clients through four segments. Thryv U.S. Marketing Services segment includes its print and digital solutions business in the United States. Thryv U.S. SaaS segment includes the Company's SaaS flagship all-in-one small business management platform in the United States. Thryv International Marketing Services segment comprises Thryv's print and digital solutions business outside the United States. Thryv International SaaS segment includes its SaaS flagship all-in-one small business management platform outside the United States.