NYSE$CLVT
Clarivate Plc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Clarivate's Q4 2023 performance was reported, noting revenue increase and challenges from transactional revenue decline.
Clarivate's Q4 2023 saw a revenue increase of 1.2% to $683.7 million, but experienced a net loss of $863.0 million due to non-cash impairment charges. Subscription and re-occurring revenues grew, offsetting a decline in transactional revenue. The company is implementing a transformation plan to improve organic revenue growth.
- Revenues increased by 1.2% to $683.7 million, but decreased 0.6% at constant currency.
- Net loss attributable to ordinary shares was $863.0 million due to non-cash impairment of goodwill and intangible assets.
- Adjusted EBITDA decreased by 2.0% to $298.2 million with a margin of 43.6%.
- Free cash flow increased by $36.5 million to $127.0 million.
Headline financials
Revenue & EPS history
Clarivate · Revenue · Quarterly
$684M
Revenue by segment
Clarivate · $333M total across 2 segments · Q2 2021
- Subscription$244M—73.1%
- Transactional$89.8M—26.9%
Forward guidance
Clarivate anticipates improved organic growth in 2024 in subscription and re-occurring revenue, offset by soft transactional revenue and a small divestiture. Growth investments are expected to cause a modest contraction of the profit margin, while capital spending will increase to drive product innovation. Strong cash flow will be used to reduce debt.
Tailwinds
- Improved organic growth in subscription revenue
- Improved organic growth in re-occurring revenue
- Increased capital spending to drive product innovation
- Strong cash flow
- Continued debt reduction
Headwinds
- Soft transactional revenue
- Small divestiture in the IP segment
- Modest contraction of profit margin
- Increased capital spending
- Cost inflation
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 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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