Clarivate Plc · Q4 2022 earnings

Briefing

Clarivate's Q4 2022 results were reported, showing revenue growth driven by the ProQuest acquisition, alongside a strategic focus on organic growth and operational initiatives.

Clarivate reported a 20.4% increase in revenues to $675.3 million, driven by the acquisition of ProQuest. Organic revenues increased by 0.5%. Net income attributable to ordinary shares was $304.3 million, a significant increase compared to the prior year quarter's net loss. Adjusted EBITDA increased by 18.6% to $304.4 million.

• Revenues increased by 20.4% to $675.3 million, with a 25.2% increase at constant currency.
• Organic revenues increased by 0.5%, driven by subscription and re-occurring revenue growth.
• Net income attributable to ordinary shares was $304.3 million, compared to a net loss of $130.4 million in the prior year quarter.
• Adjusted EBITDA increased by 18.6% to $304.4 million, with a margin of 45.1%.

Headline financials

Revenue & EPS history

Clarivate anticipates revenues between $2.63B to $2.73B, organic revenue growth of 2.75% to 3.75%, Adjusted EBITDA between $1.10B to $1.16B, Adjusted EBITDA margin of 42.0% to 42.5%, Adjusted Diluted EPS between $0.75 to $0.85 and Free Cash Flow between $450M to $550M.