NYSE$CLVT

Clarivate Plc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Clarivate's financial performance saw a revenue decrease, offset by subscription revenue gains, and reaffirmed its 2024 outlook.

Clarivate reported a 2.8% decrease in revenues to $650.3 million, with organic revenues down 0.6%. Subscription revenues increased, but were offset by declines in re-occurring and transactional revenues. The company reaffirmed its 2024 outlook, expecting a return to organic growth in the second half of the year.

  • Revenues decreased by 2.8% to $650.3 million.
  • Organic revenues decreased by 0.6%.
  • Subscription revenues saw a slight increase of 0.7%.
  • Adjusted EBITDA decreased by 3.7% to $274.4 million.

Headline financials

Total Revenue

$650M

Previous: $669M-2.8%
EPS

-$0.46

Previous: $0.21-319.0%
Adjusted EBITDA

$274M

Previous: $285M-3.7%
Capital Expenditures

-$130M

Previous: $57.6M-326.2%
Free Cash Flow

-$435M

Previous: $105M-514.7%
Net Income

-$304M

Previous: -$123M-147.2%
Operating Income

-$240M

Previous: -$88.3M-171.8%
Gross Profit

$437M

Previous: $445M-1.8%
Cash & Equivalents

$376M

Previous: $436M-13.7%
Total Assets

$12.1B

Previous: $13.7B-11.9%
Stock-Based Comp

$19M

Previous: $30.9M-38.5%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$650M

Q2 2024-2.8%vs Q2 2023
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 reaffirms its 2024 outlook, expecting full-year financial results to align with previous expectations. The company plans a more balanced approach to capital allocation in the second half of 2024.

Tailwinds

  • Revenues between $2.57B and $2.67B
  • Organic Revenue Growth between 0% and 2%
  • Adjusted EBITDA between $1.055B and $1.115B
  • Adjusted EBITDA Margin between 41% and 42%
  • Adjusted Diluted EPS between $0.70 and $0.80

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 2024

Historical avgQ2 2024

-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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