NYSE$CLVT

Clarivate Plc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

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

Total Revenue

$675M

Previous: $560M+20.5%
EPS (adj)

$0.22

Previous: $0.23-4.3%
Adjusted EBITDA

$304M

Previous: $257M+18.6%
Capital Expenditures

$46.4M

Previous: $32.3M+43.4%
Free Cash Flow

$90.5M

Previous: -$14.1M+742.1%
Net Income

$323M

Previous: -$111M+390.4%
Operating Income

$319M

Previous: $31.9M+897.7%
Gross Profit

$445M

Previous: $373M+19.2%
Cash & Equivalents

$349M

Previous: $431M-19.0%
Total Assets

$13.9B

Previous: $20.2B-30.9%
Stock-Based Comp

$27.4M

Previous: -$3.62M+858.0%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$675M

Q4 2022+20.5%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

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

  • Subscription
    $244M
  • Transactional
    $89.8M

Forward guidance

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.

Tailwinds

  • Revenue between $2.63B and $2.73B
  • Organic Revenue Growth between 2.75% and 3.75%
  • Adjusted EBITDA between $1.10B and $1.16B
  • Adjusted EBITDA Margin between 42.0% and 42.5%
  • Adjusted Diluted EPS between $0.75 and $0.85

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 Q4 2022

Historical avgQ4 2022

-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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