NYSE$CLVT

Clarivate Plc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Clarivate had a good start to the year with organic revenue growth and strong profit conversion.

Clarivate reported revenues of $662.2 million, a 54.6% increase, with organic revenues increasing 4.4% at constant currency. Net income attributable to ordinary shares was $50.8 million, and Adjusted EBITDA was $262.3 million, a 59.2% increase.

  • Revenues of $662.2 million increased 54.6%, and 57.6% at constant currency
  • Organic revenues increased 4.4% at constant currency
  • Net income attributable to ordinary shares of $50.8 million increased $106.8 million
  • Adjusted EBITDA of $262.3 million increased 59.2%

Headline financials

Total Revenue

$662M

Previous: $432M+53.5%
EPS (adj)

$0.21

Previous: $0.14+50.0%
Adjusted EBITDA

$262M

Previous: $165M+59.2%
Capital Expenditures

$41.4M

Previous: $33M+25.5%
Free Cash Flow

$26M

Previous: $141M-81.6%
Net Income

$50.8M

Previous: -$24M+312.1%
Operating Income

$44.9M

Previous: -$34.2M+231.3%
Gross Profit

$413M

Previous: $290M+42.6%
Cash & Equivalents

$500M

Previous: $399M+25.4%
Total Assets

$19.7B

Previous: $14.7B+34.1%
Stock-Based Comp

$24.6M

Previous: $1.2M+1950.0%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$662M

Q1 2022+53.5%vs Q1 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Clarivate · $333M total across 2 segments · Q2 2021

  • Subscription
    $244M
  • Transactional
    $89.8M

Forward guidance

Clarivate reaffirms its outlook for 2022, expecting progressive improvement in quarterly organic growth and Adjusted EBITDA margin expansion.

Tailwinds

  • Revenues $2.80B to $2.88B
  • Adjusted EBITDA $1.16B to $1.22B
  • Adjusted EBITDA margin 41% to 42%
  • Adjusted Diluted EPS $0.85 to $0.95
  • Adjusted Free Cash Flow $675M to $725M

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-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
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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