Clarivate Q3 2023 Earnings Report
Key Takeaways
Clarivate reported a revenue increase of 1.8% to $647.2 million in Q3 2023. Organic revenues increased by 1.7%, driven by transactional and subscription revenue growth. The company reaffirmed its 2023 outlook, highlighting cost savings and strategic capital allocation.
Revenues increased by 1.8% to $647.2 million, with a 1.7% increase in organic revenues.
Adjusted EBITDA increased by 3.6% to $281.4 million, with an Adjusted EBITDA Margin of 43.5%.
Net loss attributable to ordinary shares was $6.6 million, with a net loss per diluted share of $0.01.
The company reaffirmed its 2023 outlook, anticipating revenues between $2.60B and $2.67B.
Clarivate
Clarivate
Forward Guidance
Clarivate reaffirmed its 2023 outlook, anticipating revenues between $2.60B and $2.67B, organic revenue growth between 0.00% and 2.00%, Adjusted EBITDA between $1.09B and $1.14B, Adjusted Diluted EPS between $0.77 and $0.83, and Free Cash Flow between $450M and $500M.
Positive Outlook
- Revenues between $2.60B and $2.67B
- Organic Revenue Growth between 0.00% and 2.00%
- Adjusted EBITDA between $1.09B and $1.14B
- Adjusted EBITDA Margin between 42% and 42.5%
- Free Cash Flow between $450M and $500M