NYSE$CLVT

Clarivate Plc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Clarivate's financial performance improved significantly due to strategic acquisitions and operational efficiencies.

Clarivate reported a strong fourth quarter and full-year 2020, driven by strategic acquisitions and operational improvements. Fourth-quarter revenues increased by 79% to $456 million, with net income rising by 108% to $6 million. The company reaffirmed its 2021 outlook, citing the strength of its core business and expected benefits from recent acquisitions.

  • Revenues for Q4 2020 increased by 79% to $456 million.
  • Net income for Q4 2020 increased by 108% to $6 million.
  • Adjusted EBITDA for Q4 2020 increased by 137% to $200 million.
  • The company reaffirmed its 2021 outlook based on the strength of its core business and expected benefits from recent acquisitions.

Headline financials

Total Revenue

$471M

Previous: $255M+84.8%
EPS (adj)

$0.22

Previous: $0.13+69.2%
Adjusted EBITDA

$200M

No prior period
Capital Expenditures

$29.1M

Previous: $26.2M+11.3%
Free Cash Flow

$107M

Previous: -$21.1M+606.6%
Net Income

$6.4M

Previous: -$74M+108.6%
Operating Income

$29.5M

Previous: -$28.3M+204.3%
Gross Profit

$325M

Previous: $158M+105.5%
Cash & Equivalents

$258M

Previous: $76.1M+238.7%
Total Assets

$15.2B

Previous: $3.79B+300.8%
Stock-Based Comp

$9.08M

Previous: $4.71M+92.8%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$471M

Q4 2020+84.8%vs Q4 2019
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Clarivate reaffirmed its 2021 outlook, anticipating adjusted revenues between $1.78 billion and $1.84 billion and adjusted EBITDA between $785 million and $825 million.

Tailwinds

  • Adjusted Revenues: $1.78B to $1.84B
  • Adjusted EBITDA: $785M to $825M
  • Adjusted EBITDA margin: 44% to 45%
  • Adjusted diluted EPS: $0.73 to $0.79
  • 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 Q4 2020

Historical avgQ4 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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