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Mar 31, 2022
Clarivate Q1 2022 Earnings Report
Clarivate had a good start to the year with organic revenue growth and strong profit conversion.
Key Takeaways
Clarivate reported revenues of $662.2 million, a 54.6% increase, with organic revenues increasing 4.4% at constant currency. Net income attributable to ordinary shares was $50.8 million, and Adjusted EBITDA was $262.3 million, a 59.2% increase.
Revenues of $662.2 million increased 54.6%, and 57.6% at constant currency
Organic revenues increased 4.4% at constant currency
Net income attributable to ordinary shares of $50.8 million increased $106.8 million
Adjusted EBITDA of $262.3 million increased 59.2%
Clarivate
Clarivate
Forward Guidance
Clarivate reaffirms its outlook for 2022, expecting progressive improvement in quarterly organic growth and Adjusted EBITDA margin expansion.
Positive Outlook
- Revenues $2.80B to $2.88B
- Adjusted EBITDA $1.16B to $1.22B
- Adjusted EBITDA margin 41% to 42%
- Adjusted Diluted EPS $0.85 to $0.95
- Adjusted Free Cash Flow $675M to $725M