NYSE$CLVT

Clarivate Plc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Clarivate reported a decline in revenue and net income for Q4 2024 while continuing strategic restructuring efforts.

Clarivate's Q4 2024 revenue decreased by 3.0% year-over-year to $663.0 million, mainly due to divestitures. The company posted a net loss of $191.8 million, a significant improvement from the previous year's loss. Adjusted EPS came in at $0.21, down from $0.23. The company repurchased $200 million in shares and prepaid $198 million of debt as part of its capital allocation strategy.

  • Total revenue decreased by 3.0% to $663.0 million due to divestitures.
  • Net loss improved significantly to $191.8 million from $843.9 million in Q4 2023.
  • Adjusted EPS decreased to $0.21 from $0.23 in the prior-year quarter.
  • Clarivate repurchased $200 million in shares and prepaid $198 million of debt.

Headline financials

Total Revenue

$663M

Previous: $684M-3.0%
EPS (adj)

$0.21

Previous: $0.23-8.7%
Free Cash Flow

$59.1M

No prior period
Net Income

-$192M

Previous: -$844M+77.3%
Operating Income

-$62.3M

Previous: -$788M+92.1%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$663M

Q4 2024-3%vs Q4 2023
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 expects flat recurring organic revenue growth in 2025 and plans to discontinue low-margin transactional products.

Tailwinds

  • Clarivate expects recurring organic revenue to remain stable in 2025.
  • Company will continue focusing on subscription-based revenue growth.
  • Cost structure will be aggressively managed to improve profitability.
  • Capital allocation strategy includes continued share repurchases.
  • Ongoing AI-powered product innovations expected to drive long-term growth.

Headwinds

  • Total revenue is expected to decline due to divestitures.
  • Discontinuation of certain products may lead to short-term revenue losses.
  • Macroeconomic challenges may impact transactional revenue streams.
  • Lower IP patent renewal volumes continue to affect re-occurring revenue.
  • Debt repayment obligations may limit near-term flexibility.

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 2024

Historical avgQ4 2024

-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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