NYSE$CLVT

Clarivate Plc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Clarivate's financial performance for Q1 2020, marked by revenue increase and strategic acquisitions, was reported.

Clarivate reported a revenue increase of 2.8% to $240.6 million in Q1 2020. Adjusted EBITDA increased by 32.1% to $78.2 million. The company also updated its outlook for 2020, reflecting the impact of the COVID-19 pandemic.

  • Revenues increased by 2.8% to $240.6 million.
  • Adjusted revenues, excluding divested businesses, increased by 10.5% at constant currency.
  • Adjusted EBITDA increased by 32.1% to $78.2 million.
  • The company is implementing cost control measures to offset short-term effects on the business due to the COVID-19 pandemic.

Headline financials

Total Revenue

$241M

Previous: $234M+2.8%
EPS (adj)

$0.07

Previous: -$0.00+3526.3%
Adjusted EBITDA

$78.2M

Previous: $59.2M+32.1%
Capital Expenditures

$19.4M

No prior period
Free Cash Flow

-$74M

No prior period
Net Income

-$74M

Previous: -$59.3M-24.9%
Operating Income

-$28.3M

Previous: -$25.9M-9.2%
Gross Profit

$158M

Previous: $145M+9.3%
Cash & Equivalents

$308M

Previous: $28M+998.3%
Total Assets

$5B

No prior period
Stock-Based Comp

$16.5M

Previous: $3.18M+419.6%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$241M

Q1 2020+2.8%vs Q1 2019
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

Clarivate · $621M total across 3 segments · Q2 2025

  • Subscription
    $406M—
  • Re-occurring
    $109M—
  • Transactional
    $107M—

Forward guidance

Clarivate updated its 2020 outlook, reflecting the anticipated impact of the COVID-19 pandemic. While adjusted EBITDA and adjusted free cash flow forecasts remained unchanged, adjusted revenues were revised downward.

Tailwinds

  • The company expects the virus to be brought under control in late Q2 2020.
  • A gradual lifting of restrictions is expected in mid-to-late Q3 2020.
  • Economic activity is anticipated to begin recovering in early Q4 2020.
  • Adjusted EBITDA forecast remains unchanged.
  • Adjusted Free Cash Flow forecast remains unchanged.

Headwinds

  • The company saw early effects of the COVID-19 pandemic on its business in China.
  • The company implemented a contingency plan and a tiered cost reduction approach.
  • Adjusted revenues were revised from $1.16-1.19B to $1.13-1.16B.
  • The above outlook assumes no further currency movements.
  • The above outlook assumes no further acquisitions, divestitures, or unanticipated events.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.5%

Avg return

30 days after

41%

12 / 29 earnings

Positive

+38.7%

Q4 2025

Best reaction

-29.0%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026+13.9%+11.6%+0.8%
Q4 2025+38.7%+36.9%+44.0%
Q3 2025-3.6%-2.7%+3.3%
Q1 2025+17.3%+20.3%+18.4%
Q4 2024-1.4%-5.4%-15.3%
Q3 2024-29.0%-30.3%-13.2%
Q2 2024-17.4%-7.5%+8.3%
Q1 2024-10.2%-10.5%-18.1%
Q4 2023-20.9%-20.1%-16.9%
Q3 2023+1.8%-2.8%+18.9%
Q2 2023-23.8%-26.5%-18.8%
Q1 2023+6.5%+5.7%+10.8%
Q4 2022+13.2%+9.4%-7.3%
Q3 2022-7.4%+6.6%-9.0%
Q2 2022-7.5%-9.2%-16.3%
Q1 2022-3.0%-2.0%+0.3%
Q4 2021+10.1%+11.0%+24.8%
Q3 2021+5.7%+6.4%+4.4%
Q2 2021-5.6%-4.1%+3.6%
Q1 2021+4.5%+5.3%+12.3%
Q4 2020-19.0%-17.8%-11.6%
Q3 2020-7.2%-3.0%-8.4%
Q2 2020-4.0%+2.4%+0.3%
Q1 2020+8.5%+4.9%+1.4%
Q4 2019-1.4%+4.3%-1.1%
Q3 2019+6.3%+4.9%+6.1%
Q2 2019+8.1%+7.1%+9.1%
Q4 2018-5.0%+1.0%+1.8%
Q1 2019-0.8%-1.3%+9.8%
Q3 2018———
Q2 2018———
Q1 2018———
Q4 2017———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———

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