Thanks for the update. Do we know if Thryv has been able to net add any new customers outside of conversions from Yellow Pages? And do we roughly know the split between Business Center users and Marketing Center users? My suspicion is that they’ve been losing core Business Center users.
Excellent updates. On $THRY, if consumer acqusition strategy continues to rely on the "Zoo", then I think Ev/Ebitda is less meaningful to value its actual earning power.
If the 20% growth rate holds, 15x EBITDA is not crazy. See my initial write-up with comp sheets. But obviously, as you said, it all depends on whether they can continue to grow their user count outside the zoo
Thanks for the update. Do we know if Thryv has been able to net add any new customers outside of conversions from Yellow Pages? And do we roughly know the split between Business Center users and Marketing Center users? My suspicion is that they’ve been losing core Business Center users.
Excellent updates. On $THRY, if consumer acqusition strategy continues to rely on the "Zoo", then I think Ev/Ebitda is less meaningful to value its actual earning power.
and 15x or 25x ev/ebitda seems very generous.
If the 20% growth rate holds, 15x EBITDA is not crazy. See my initial write-up with comp sheets. But obviously, as you said, it all depends on whether they can continue to grow their user count outside the zoo