Clarivate Q4 2020 Earnings Report
Key Takeaways
Clarivate reported a strong fourth quarter and full-year 2020, driven by strategic acquisitions and operational improvements. Fourth-quarter revenues increased by 79% to $456 million, with net income rising by 108% to $6 million. The company reaffirmed its 2021 outlook, citing the strength of its core business and expected benefits from recent acquisitions.
Revenues for Q4 2020 increased by 79% to $456 million.
Net income for Q4 2020 increased by 108% to $6 million.
Adjusted EBITDA for Q4 2020 increased by 137% to $200 million.
The company reaffirmed its 2021 outlook based on the strength of its core business and expected benefits from recent acquisitions.
Clarivate
Clarivate
Forward Guidance
Clarivate reaffirmed its 2021 outlook, anticipating adjusted revenues between $1.78 billion and $1.84 billion and adjusted EBITDA between $785 million and $825 million.
Positive Outlook
- Adjusted Revenues: $1.78B to $1.84B
- Adjusted EBITDA: $785M to $825M
- Adjusted EBITDA margin: 44% to 45%
- Adjusted diluted EPS: $0.73 to $0.79
- Adjusted Free Cash Flow: $450M to $500M