Clarivate Q2 2021 Earnings Report
Key Takeaways
Clarivate reported a strong second quarter with a 62.9% increase in revenue to $445.6 million. Organic revenue grew by 4.5% on a constant currency basis, driven by higher subscription and transactional revenues. Adjusted EBITDA increased by 88.8% to $189.0 million, and adjusted net income rose by 58.3% to $110.0 million.
Revenues increased by 62.9% to $445.6 million compared to the prior-year period.
Organic revenues increased 4.5% on a constant currency basis, driven by higher subscription and transactional revenues.
Adjusted EBITDA increased by 88.8% to $189.0 million compared to the prior-year period.
Adjusted diluted earnings per share was $0.17 for the second quarter of 2021.
Clarivate
Clarivate
Forward Guidance
The Company updated its outlook based on the first half 2021 financial performance and expects the full year revenue split to be approximately 48% first half and 52% second half, and Adjusted EBITDA to be approximately 44% first half and 56% second half.