NYSE$CLVT

Clarivate Plc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Clarivate's Q2 2021 results demonstrated positive trends, including mid-single-digit organic revenue growth and significant increases in margins and free cash flow, driven by recovery across many product segments.

Clarivate reported a strong second quarter with a 62.9% increase in revenue to $445.6 million. Organic revenue grew by 4.5% on a constant currency basis, driven by higher subscription and transactional revenues. Adjusted EBITDA increased by 88.8% to $189.0 million, and adjusted net income rose by 58.3% to $110.0 million.

  • Revenues increased by 62.9% to $445.6 million compared to the prior-year period.
  • Organic revenues increased 4.5% on a constant currency basis, driven by higher subscription and transactional revenues.
  • Adjusted EBITDA increased by 88.8% to $189.0 million compared to the prior-year period.
  • Adjusted diluted earnings per share was $0.17 for the second quarter of 2021.

Headline financials

Total Revenue

$447M

Previous: $274M+63.4%
EPS (adj)

$0.17

Previous: $0.18-5.6%
Adjusted EBITDA

$189M

Previous: $100M+88.8%
Capital Expenditures

$29M

Previous: -$52.7M+155.1%
Free Cash Flow

$58.6M

Previous: -$54.1M+208.3%
Net Income

-$82.2M

Previous: -$1.49M-5413.1%
Operating Income

-$11.8M

Previous: $14.2M-182.5%
Gross Profit

$309M

Previous: $709K+43487.9%
Cash & Equivalents

$2.6B

Previous: $609M+327.3%
Total Assets

$18.8B

Previous: $5.21B+260.0%
Stock-Based Comp

$22.1M

Previous: $4.32M+411.2%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$447M

Q2 2021+63.4%vs Q2 2020
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

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

  • Subscription
    $244M
  • Transactional
    $89.8M

Forward guidance

The Company updated its outlook based on the first half 2021 financial performance and expects the full year revenue split to be approximately 48% first half and 52% second half, and Adjusted EBITDA to be approximately 44% first half and 56% second half.

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 Q2 2021

Historical avgQ2 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
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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