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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables summarize the operating results of the Company's reportable segments. Segment cost of services, Segment sales and marketing, and Segment general and administrative expenses presented below exclude the allocation of depreciation and amortization expense, stock-based compensation expense, restructuring and integration expenses, transactions costs and other expenses.
| Year Ended December 31, 2024
(in thousands) | Thryv Marketing Services |  | Thryv SaaS |  | Segment Totals
Segment revenue | $ | 480,680 |  |  | $ | 343,476 |  |  | $ | 824,156 |
Less: |  |  |  |  |
Segment cost of services | 168,932 |  |  | 96,319 |  |  | 265,251 |
Segment sales and marketing | 97,119 |  |  | 146,389 |  |  | 243,508 |
Segment general and administrative | 93,388 |  |  | 59,578 |  |  | 152,966 |
Segment Adjusted EBITDA | $ | 121,241 |  |  | $ | 41,190 |  |  | $ | 162,431 |
| Year Ended December 31, 2023
(in thousands) | Thryv Marketing Services |  | Thryv SaaS |  | Segment Totals
Segment revenue | $ | 653,244 |  |  | $ | 263,717 |  |  | $ | 916,961 |
Less: |  |  |  |  |
Segment cost of services | 222,977 |  |  | 88,135 |  |  | 311,112 |
Segment sales and marketing | 149,982 |  |  | 117,023 |  |  | 267,005 |
Segment general and administrative | 104,795 |  |  | 46,534 |  |  | 151,329 |
Segment Adjusted EBITDA | $ | 175,490 |  |  | $ | 12,025 |  |  | $ | 187,515 |
| Year Ended December 31, 2022
(in thousands) | Thryv Marketing Services |  | Thryv SaaS |  | Segment Totals
Segment revenue | $ | 986,042 |  |  | $ | 216,346 |  |  | $ | 1,202,388 |
Less: |  |  |  |  |
Segment cost of services | 304,487 |  |  | 78,752 |  |  | 383,239 |
Segment sales and marketing | 202,774 |  |  | 120,771 |  |  | 323,545 |
Segment general and administrative | 132,046 |  |  | 30,216 |  |  | 162,262 |
Segment Adjusted EBITDA | $ | 346,735 |  |  | $ | (13,393) |  |  | $ | 333,342 |
Schedule of Reconciliation of Earnings Before Interest, Tax, Depreciation, and Amortization from Segments to Consolidated | A reconciliation of the Company’s Income before income tax benefit (expense) to total Segment Adjusted EBITDA is as follows:
| Years Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
(Loss) income before income tax benefit (expense) | $ | (65,998) |  |  | $ | (260,544) |  |  | $ | 98,975 |
Impairment charges | 83,094 |  |  | 268,846 |  |  | 102,222 |
Depreciation and amortization expense | 52,789 |  |  | 63,251 |  |  | 88,392 |
Interest expense | 46,771 |  |  | 61,728 |  |  | 60,407 |
Stock-based compensation expense | 24,118 |  |  | 22,201 |  |  | 14,628 |
Restructuring and integration expenses (1) | 32,697 |  |  | 14,612 |  |  | 17,804 |
Loss on early extinguishment of debt | 6,638 |  |  | — |  |  | — |
Non-cash loss (gain) from remeasurement of indemnification asset | — |  |  | 10,734 |  |  | (2,148) |
Transaction costs (2) | 5,145 |  |  | 373 |  |  | 6,119 |
Other components of net periodic pension benefit | (24,806) |  |  | (2,719) |  |  | (44,612) |
Other | 1,983 |  |  | 9,033 |  |  | (8,445) |
Total Segment Adjusted EBITDA | $ | 162,431 |  |  | $ | 187,515 |  |  | $ | 333,342 |
(1)Consists of expenses related to abandoned facilities costs, severance charges, integration expenses, and tax, accounting, and legal fees. (2)Consists of expenses related to the Keap Acquisition, Yellow Acquisition, and Vivial Acquisition.
Schedule of Disaggregation of Revenue | The following table sets forth the Company's disaggregation of Revenue based on services for the periods indicated:
| Years Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Thryv Marketing Services |  |  |  |  |
Print | $ | 253,998 |  |  | $ | 264,834 |  |  | $ | 459,974 |
Digital | 226,682 |  |  | 388,410 |  |  | 526,068 |
Total Thryv Marketing Services | 480,680 |  |  | 653,244 |  |  | 986,042 |
Thryv SaaS | 343,476 |  |  | 263,717 |  |  | 216,346 |
Revenue | $ | 824,156 |  |  | $ | 916,961 |  |  | $ | 1,202,388 |
Revenue by geography is based on the location of the customer. The following table sets forth the Company's disaggregation of Revenue based on geographic region for the periods indicated:
| Years Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
United States | $ | 686,341 |  |  | $ | 764,112 |  |  | $ | 1,031,833 |
International | 137,815 |  |  | 152,849 |  |  | 170,555 |
Revenue | $ | 824,156 |  |  | $ | 916,961 |  |  | $ | 1,202,388 |
Schedule of Long-lived Assets by Geographic Region | The following table sets forth the Company's total long-lived assets by geographical region:
(in thousands) | December 31, 2024 |  | December 31, 2023
United States | $ | 9,008 |  |  | $ | 12,711 |
International | 226 |  |  | 611 |
Total long-lived assets | $ | 9,234 |  |  | $ | 13,322 |
Percentage of long-lived assets held outside of the United States | 2 | % |  | 5 | %

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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