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Mar 31, 2021
Clarivate Q1 2021 Earnings Report
Clarivate's financial performance for Q1 2021 reflected strong revenue growth and increased profitability.
Key Takeaways
Clarivate reported a strong first quarter in 2021, with revenues of $428.4 million, a 78% increase year-over-year. Adjusted EBITDA increased by 111% to $164.8 million, and the company updated its 2021 financial outlook.
Revenues increased 78% to $428.4 million.
Adjusted Revenues increased 78% to $431.5 million.
Adjusted EBITDA increased 111% to $164.8 million.
Cash Flow from Operations increased $127.9 million to $174.0 million.
Forward Guidance
Clarivate updated its full year 2021 outlook, anticipating adjusted revenues between $1.79B and $1.84B and Adjusted EBITDA between $790M to $825M.
Positive Outlook
- Adjusted revenues are expected to be between $1.79B and $1.84B.
- Adjusted EBITDA is projected to be between $790M and $825M.
- Adjusted EBITDA margin is expected to be 44% to 45%.
- Adjusted free cash flow is anticipated to be between $450M and $500M.
- The outlook assumes no further currency movements, acquisitions, divestitures, or unanticipated events.
Challenges Ahead
- Guidance excludes Adjusted earnings per share.
- The outlook includes Non-GAAP measures.
- The outlook depends on no further currency movements.
- The outlook depends on no further acquisitions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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