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Sep 30, 2020
Clarivate Q3 2020 Earnings Report
Clarivate's Q3 2020 results were reported, showing revenue growth and increased adjusted EBITDA, with the CPA Global acquisition completed and integration underway.
Key Takeaways
Clarivate reported a 17.0% increase in revenues to $284.4 million for Q3 2020. Adjusted EBITDA increased by 40.5% to $108.2 million. The company completed the acquisition of CPA Global and is focused on integration and realizing strategic benefits.
Revenues increased by 17.0% to $284.4 million.
Adjusted revenues increased by 17.9% to $286.5 million.
Adjusted EBITDA increased by 40.5% to $108.2 million.
Net loss was $37.2 million, or $(0.10) per diluted share.
Forward Guidance
Clarivate provided an updated outlook for 2020, including the fourth quarter of CPA Global, with adjusted revenues expected between $1.28B and $1.295B and adjusted EBITDA between $480M and $495M.
Positive Outlook
- Adjusted Revenues: $1.28B to $1.295B
- Adjusted EBITDA: $480M to $495M
- Adjusted EBITDA margin: 37% to 38%
- Adjusted diluted EPS: $0.55 to $0.61
- Adjusted Free Cash Flow: $240M to $260M
Historical Earnings Impact
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Avg. Return Before/After Earnings
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