Clarivate Q4 2021 Earnings Report
Key Takeaways
Clarivate reported a 23.1% increase in revenues to $560.7 million for Q4 2021. Adjusted EBITDA increased by 28.3% to $256.6 million. The company reaffirms its outlook for 2022 and is taking steps to improve transactional revenues.
Revenues increased by 23.1% to $560.7 million.
Adjusted EBITDA increased by 28.3% to $256.6 million.
Adjusted organic revenues increased 4.0% at constant currency.
Net loss attributable to ordinary shares was $130.4 million, or $(0.20) per diluted share.
Clarivate
Clarivate
Forward Guidance
Clarivate anticipates significant growth driven by the acquisition of ProQuest and an increase in organic revenue. The company expects a 200-basis point improvement in organic revenue growth of approximately 6.5%. Adjusted EBITDA margin will slightly compress before fully recognizing cost synergies.
Positive Outlook
- Significant growth driven by the acquisition of ProQuest.
- Increase in organic revenue.
- Expects to generate a 200-basis improvement in organic revenue growth of approximately 6.5%.
- Enhanced inside sales model.
- United go-to-market sales strategy centered around the One Clarivate vision.
Challenges Ahead
- Adjusted EBITDA margin will slightly compress.
- Need to fully recognize the more than $100 million of cost synergies related to the ProQuest acquisition by the end of 2023.
- Assumes no further currency movements.
- Assumes no further acquisitions.
- Assumes no further divestitures.