NYSE$CLVT

Clarivate Plc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Second quarter 2022 results were reported.

Clarivate reported a 54.0% increase in revenues to $686.6 million, with organic revenues increasing by 4.8%. Net income attributable to ordinary shares increased by $175.2 million to $43.7 million. Adjusted EBITDA increased by 45.2% to $274.4 million.

  • Revenues increased 54.0%, and 59.9% at constant currency.
  • Organic revenues increased 4.8%.
  • Net income attributable to ordinary shares increased $175.2 million.
  • Adjusted EBITDA increased 45.2%.

Headline financials

Total Revenue

$687M

Previous: $447M+53.6%
EPS (adj)

$0.22

Previous: $0.17+29.4%
Adjusted EBITDA

$274M

Previous: $189M+45.2%
Capital Expenditures

$47.7M

Previous: $29M+64.4%
Free Cash Flow

$49.5M

Previous: $58.6M-15.6%
Net Income

$43.7M

Previous: -$82.2M+153.2%
Operating Income

$86.2M

Previous: -$11.8M+833.5%
Gross Profit

$443M

Previous: $309M+43.2%
Cash & Equivalents

$360M

Previous: $2.6B-86.2%
Total Assets

$18.8B

Previous: $18.8B+0.4%
Stock-Based Comp

$22.6M

Previous: $22.1M+2.3%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$687M

Q2 2022+53.6%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Clarivate updated its 2022 outlook primarily due to significant foreign exchange headwinds and macro-economic pressure. The integration of ProQuest is ahead of schedule, which will result in additional cost synergies in 2022, helping to partially offset the reduction in this year's profit.

Tailwinds

  • Revenues $2.70B to $2.76B
  • Adjusted EBITDA $1.12B to $1.16B
  • Adjusted EBITDA margin 41% to 42%
  • Adjusted Diluted EPS $0.80 to $0.90
  • Adjusted Free Cash Flow $600M to $650M

Headwinds

  • Significant foreign exchange headwinds
  • Macro-economic pressure
  • Reduction in this year's profit
  • Revenues previous guidance $2.80B to $2.88B
  • Adjusted EBITDA previous guidance $1.16B to $1.22B

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 Q2 2022

Historical avgQ2 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
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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