NYSE$CLVT
Clarivate Plc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Clarivate's Q3 2023 performance was marked by revenue growth and strategic advancements.
Clarivate reported a revenue increase of 1.8% to $647.2 million in Q3 2023. Organic revenues increased by 1.7%, driven by transactional and subscription revenue growth. The company reaffirmed its 2023 outlook, highlighting cost savings and strategic capital allocation.
- Revenues increased by 1.8% to $647.2 million, with a 1.7% increase in organic revenues.
- Adjusted EBITDA increased by 3.6% to $281.4 million, with an Adjusted EBITDA Margin of 43.5%.
- Net loss attributable to ordinary shares was $6.6 million, with a net loss per diluted share of $0.01.
- The company reaffirmed its 2023 outlook, anticipating revenues between $2.60B and $2.67B.
Headline financials
Revenue & EPS history
Clarivate · Revenue · Quarterly
$647M
Revenue by segment
Clarivate · $333M total across 2 segments · Q2 2021
- Subscription$244M—73.1%
- Transactional$89.8M—26.9%
Forward guidance
Clarivate reaffirmed its 2023 outlook, anticipating revenues between $2.60B and $2.67B, organic revenue growth between 0.00% and 2.00%, Adjusted EBITDA between $1.09B and $1.14B, Adjusted Diluted EPS between $0.77 and $0.83, and Free Cash Flow between $450M and $500M.
Tailwinds
- Revenues between $2.60B and $2.67B
- Organic Revenue Growth between 0.00% and 2.00%
- Adjusted EBITDA between $1.09B and $1.14B
- Adjusted EBITDA Margin between 42% and 42.5%
- Free Cash Flow between $450M and $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 2023
-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
| Quarter | Report date | Reaction (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% | |
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