NYSE$CLVT

Clarivate Plc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Clarivate's Q3 2020 results were reported, showing revenue growth and increased adjusted EBITDA, with the CPA Global acquisition completed and integration underway.

Clarivate reported a 17.0% increase in revenues to $284.4 million for Q3 2020. Adjusted EBITDA increased by 40.5% to $108.2 million. The company completed the acquisition of CPA Global and is focused on integration and realizing strategic benefits.

  • Revenues increased by 17.0% to $284.4 million.
  • Adjusted revenues increased by 17.9% to $286.5 million.
  • Adjusted EBITDA increased by 40.5% to $108.2 million.
  • Net loss was $37.2 million, or $(0.10) per diluted share.

Headline financials

Total Revenue

$284M

Previous: $243M+17.0%
EPS (adj)

$0.14

Previous: $0.14+0.0%
Adjusted EBITDA

$108M

Previous: $77M+40.5%
Capital Expenditures

-$78.6M

Previous: $18.8M-517.8%
Free Cash Flow

-$116M

Previous: $50.8M-328.1%
Net Income

-$37.2M

Previous: $10.8M-443.8%
Operating Income

-$12.7M

Previous: $35.8M-135.3%
Gross Profit

$397K

Previous: $156M-99.7%
Cash & Equivalents

$601M

Previous: $88.8M+576.8%
Total Assets

$5.15B

Previous: $3.65B+41.1%
Stock-Based Comp

$5.52M

Previous: $9.57M-42.3%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$284M

Q3 2020+17%vs Q3 2019
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Clarivate provided an updated outlook for 2020, including the fourth quarter of CPA Global, with adjusted revenues expected between $1.28B and $1.295B and adjusted EBITDA between $480M and $495M.

Tailwinds

  • Adjusted Revenues: $1.28B to $1.295B
  • Adjusted EBITDA: $480M to $495M
  • Adjusted EBITDA margin: 37% to 38%
  • Adjusted diluted EPS: $0.55 to $0.61
  • Adjusted Free Cash Flow: $240M to $260M

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 Q3 2020

Historical avgQ3 2020

-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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