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Sep 30, 2024
Clarivate Q3 2024 Earnings Report
Clarivate's Q3 2024 results reflected a decrease in revenues and profitability due to fluctuating transactional revenue and low margin areas, leading to the removal of the 2024 outlook.
Key Takeaways
Clarivate's Q3 2024 revenues decreased by 3.9% to $622.2 million, with a net loss of $65.6 million. The company's performance was impacted by lower transactional sales and the divestiture of Valipat. As a result of the recent CEO transition and the work being done under the Value Creation Plan, the Company has removed its forward-looking outlook for 2024.
Revenues decreased by 3.9% to $622.2 million.
Organic revenues decreased by 2.6%, with subscription revenue growth offset by declines in re-occurring and transactional revenues.
Net loss was $65.6 million, with a net loss per diluted share of $0.09.
Adjusted EBITDA decreased by 6.0% to $264.4 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
As a result of the recent CEO transition and the work being done under the Value Creation Plan, the Company has removed its forward-looking outlook for 2024. All previous outlooks provided by the Company should no longer be relied upon.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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