Clarivate Q3 revenue $635.7M (+43.8% YoY), net loss $4.4B on goodwill impairment; lowers 2022 outlook

CLARIVATE PLC

2022-FY EPS reported -$6.66 revenue$1,984,500,000

Revenue $635.7M (+43.8% YoY); organic revenue +1.2%; subscription organic +4.3%.
Net loss $4,434.4M due to $4,448.6M non-cash goodwill impairment; adjusted net income $143.7M (+26.5%).
Adjusted EBITDA $271.6M (+42.9%); margin 42.7%; adjusted diluted EPS $0.20 (+25%).
FY2022 guidance cut: revenue $2,645-2,695M (prev $2,700-2,780M), adjusted EPS $0.86-0.91 (prev $0.90-1.00).
Transactional revenues organic -9.4%; LS&H segment underperformed on delayed deal closings.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CLARIVATE PLC reported third quarter ended September 30, 2022 results: revenue $635.7 million.

Period: third quarter ended September 30, 2022
Revenue: $635.7 million
Result: reported results

Exact text from the filing

and insights to accelerate the pace of innovation, today reported results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights • Revenues of $635.7 million increased 43.8%, and 50.9% at constant currency driven primarily by the acquisition of ProQuest • Organic revenues (1) increased 1.2% as increases in subscription revenues of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CLARIVATE PLC reported nine months ended September 30, 2022 results: revenue $1,984.5 million.

Period: nine months ended September 30, 2022
Revenue: $1,984.5 million
Result: reported results

Exact text from the filing

and cost savings from integration programs; Adjusted EBITDA Margin (1) of 42.7% decreased 30 basis points Nine Months Ended September 30, 2022 Financial Highlights • Revenues of $1,984.5 million increased 50.8%, and 56.1% at constant currency driven primarily by the acquisition of ProQuest • Organic revenues (1) increased 3.4% as increases in subscription revenues of

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

CLARIVATE PLC filing history →

Source: SEC EDGAR

accession 0001764046-22-000166

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