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 · $621M total across 3 segments · Q2 2025

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

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 19 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
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———

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro