NYSE$CLVT

Clarivate Plc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Clarivate's Q3 2021 earnings report indicated a significant increase in revenues and adjusted EBITDA, driven by acquisitions and organic growth.

Clarivate reported a 55% increase in revenues to $442.1 million and a 76% increase in Adjusted EBITDA to $190.0 million. Net income improved to $0.9 million, and Adjusted EPS rose to $0.16. The company reaffirms its outlook for 2021 and extended its share repurchase program.

  • Revenues increased by 55% to $442.1 million.
  • Adjusted EBITDA increased by 76% to $190.0 million.
  • Net income improved by 100% to $0.9 million.
  • Adjusted EPS increased by 14% to $0.16.

Headline financials

Total Revenue

$442M

Previous: $284M+55.5%
EPS (adj)

$0.16

Previous: $0.14+14.3%
Adjusted EBITDA

$190M

Previous: $108M+75.6%
Net Income

$900K

Previous: -$37.2M+102.4%
Operating Income

$9.07M

Previous: -$12.7M+171.6%
Gross Profit

$301M

Previous: $397K+75720.2%
Cash & Equivalents

$2.48B

Previous: $601M+312.6%
Total Assets

$18.5B

Previous: $5.15B+259.1%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$442M

Q3 2021+55.5%vs Q3 2020
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

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

  • Subscription
    $244M
  • Transactional
    $89.8M

Forward guidance

Clarivate reaffirms its outlook for 2021, anticipating strong performance in the fourth quarter.

Tailwinds

  • Adjusted Revenues: $1.80B to $1.84B
  • Adjusted EBITDA: $795M to $825M
  • Adjusted EBITDA margin: 44% to 45%
  • Adjusted Diluted EPS: $0.70 to $0.74
  • Adjusted Free Cash Flow: $450M to $500M

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 Q3 2021

Historical avgQ3 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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