Thryv Holdings Inc (THRY) stock is soaring 5.85% in pre-market trading on Wednesday following the release of its impressive second-quarter 2025 financial results. The company, which provides marketing and sales software for small businesses, reported earnings that surpassed Wall Street expectations and showed strong growth in its Software as a Service (SaaS) segment.

Thryv reported Q2 earnings per share (EPS) of $0.31, beating the analyst estimate of $0.24. Revenue for the quarter came in at $210.47 million, surpassing the expected $203.7 million. The company's adjusted EBITDA reached $51.2 million, significantly higher than the $43.5 million estimate, with an adjusted EBITDA margin of 24.3%.

A key highlight of the report was the substantial growth in Thryv's SaaS revenue, which increased by 48% year-over-year to $115 million. Even excluding revenue from its Keap acquisition, SaaS revenue still grew by an impressive 25% to $97.3 million. This growth offset a 35% decline in Marketing Services revenue, which totaled $95.5 million for the quarter. Looking ahead, Thryv provided a positive outlook for Q3 and full-year 2025, projecting SaaS revenue between $460 million and $465 million for the year. The company also anticipates improved financial flexibility and a stronger balance sheet as leverage is expected to decline.