NYSE$CLVT

Clarivate Plc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Clarivate's financial performance for Q1 2021 reflected strong revenue growth and increased profitability.

Clarivate reported a strong first quarter in 2021, with revenues of $428.4 million, a 78% increase year-over-year. Adjusted EBITDA increased by 111% to $164.8 million, and the company updated its 2021 financial outlook.

  • Revenues increased 78% to $428.4 million.
  • Adjusted Revenues increased 78% to $431.5 million.
  • Adjusted EBITDA increased 111% to $164.8 million.
  • Cash Flow from Operations increased $127.9 million to $174.0 million.

Headline financials

Total Revenue

$432M

Previous: $241M+79.3%
EPS (adj)

$0.14

Previous: $0.07+100.0%
Adjusted EBITDA

$165M

Previous: $78.2M+110.7%
Capital Expenditures

$33M

Previous: $19.4M+70.1%
Free Cash Flow

$141M

Previous: -$74M+290.5%
Net Income

-$24M

Previous: -$74M+67.6%
Operating Income

-$34.2M

Previous: -$28.3M-20.8%
Gross Profit

$290M

Previous: $158M+83.1%
Cash & Equivalents

$399M

Previous: $308M+29.5%
Total Assets

$14.7B

Previous: $5B+194.6%
Stock-Based Comp

$1.2M

Previous: $16.5M-92.7%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$432M

Q1 2021+79.3%vs Q1 2020
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Clarivate updated its full year 2021 outlook, anticipating adjusted revenues between $1.79B and $1.84B and Adjusted EBITDA between $790M to $825M.

Tailwinds

  • Adjusted revenues are expected to be between $1.79B and $1.84B.
  • Adjusted EBITDA is projected to be between $790M and $825M.
  • Adjusted EBITDA margin is expected to be 44% to 45%.
  • Adjusted free cash flow is anticipated to be between $450M and $500M.
  • The outlook assumes no further currency movements, acquisitions, divestitures, or unanticipated events.

Headwinds

  • Guidance excludes Adjusted earnings per share.
  • The outlook includes Non-GAAP measures.
  • The outlook depends on no further currency movements.
  • The outlook depends on no further acquisitions.
  • The outlook depends on no further 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 2021

Historical avgQ1 2021

-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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