Thryv Holdings Inc. (THRY) stock plummeted 5.97% in pre-market trading on Thursday, following the release of the company's Q4 2024 earnings results.
While Thryv reported Q4 adjusted EBITDA of $29.4 million, outperforming the consensus estimate of $26.8 million, there were indications of weakness in other key metrics:
- Adjusted EBITDA margin of 15.7% in Q4 implied a year-over-year decline from the prior year period.
- Adjusted gross profit of $127.8 million missed analyst expectations.
- GAAP gross profit of $123 million also fell short of estimates.
The mixed results, combined with potential concerns over profitability and margin pressures, appeared to weigh on investor sentiment, leading to the sharp sell-off in Thryv's shares in pre-market trading.
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