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Dec 31, 2022
Clarivate Q4 2022 Earnings Report
Clarivate's Q4 2022 results were reported, showing revenue growth driven by the ProQuest acquisition, alongside a strategic focus on organic growth and operational initiatives.
Key Takeaways
Clarivate reported a 20.4% increase in revenues to $675.3 million, driven by the acquisition of ProQuest. Organic revenues increased by 0.5%. Net income attributable to ordinary shares was $304.3 million, a significant increase compared to the prior year quarter's net loss. Adjusted EBITDA increased by 18.6% to $304.4 million.
Revenues increased by 20.4% to $675.3 million, with a 25.2% increase at constant currency.
Organic revenues increased by 0.5%, driven by subscription and re-occurring revenue growth.
Net income attributable to ordinary shares was $304.3 million, compared to a net loss of $130.4 million in the prior year quarter.
Adjusted EBITDA increased by 18.6% to $304.4 million, with a margin of 45.1%.
Clarivate
Clarivate
Clarivate Revenue by Geographic Location
Revenue by Geographic Location
Academia & Government Revenue
CapyFin.comIntellectual Property Revenue
CapyFin.comLife Sciences & Healthcare Revenue
CapyFin.com Forward Guidance
Clarivate anticipates revenues between $2.63B to $2.73B, organic revenue growth of 2.75% to 3.75%, Adjusted EBITDA between $1.10B to $1.16B, Adjusted EBITDA margin of 42.0% to 42.5%, Adjusted Diluted EPS between $0.75 to $0.85 and Free Cash Flow between $450M to $550M.
Positive Outlook
- Revenue between $2.63B and $2.73B
- Organic Revenue Growth between 2.75% and 3.75%
- Adjusted EBITDA between $1.10B and $1.16B
- Adjusted EBITDA Margin between 42.0% and 42.5%
- Adjusted Diluted EPS between $0.75 and $0.85
Revenue & Expenses
Visualization of income flow from segment revenue to net income