---
schema_version: "secwatch.filing_event.v1"
accession: "0001764046-23-000069"
form_type: "8-K"
ticker: "CLVT"
cik: "0001764046"
company_name: "CLARIVATE PLC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:41:46.201328+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Clarivate Q1 revenue $629M (-5% YoY); adj. EPS $0.18; CRO departs; reaffirms FY outlook

## Summary
- Revenue $629.1M (-5% YoY; -3.1% constant currency); organic revenue -0.2% due to MarkMonitor divestiture and FX.
- Net income attributable to ordinary shares $24.7M ($0.04 diluted EPS); adjusted net income $130.9M ($0.18 adjusted diluted EPS).
- Cash flow strong: net operating cash $227.5M, free cash flow $168.2M; debt repayment accelerated by $125M.
- Reaffirmed full-year 2023 outlook; Web of Science subscription growth inflection noted.
- Chief Revenue Officer Steen Lomholt-Thomsen to depart July 1, 2023; will stay as advisor through Dec 31, 2023.

## SEC filing metadata
- accession: 0001764046-23-000069
- form_type: 8-K
- ticker: CLVT
- cik: 0001764046
- company_name: CLARIVATE PLC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1764046/000176404623000069/0001764046-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1764046/000176404623000069/clvt-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001764046-23-000069
- JSON: https://secwatch.observer/filing/0001764046-23-000069.json
- Plain text: https://secwatch.observer/filing/0001764046-23-000069.txt

## Key facts
- Earnings Releases
  CLARIVATE PLC reported first quarter ended March 31, 2023 results: revenue $629.1 million, net income $24.7 million, EPS $0.04. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $629.1 million
  - Net income: $24.7 million
  - EPS: $0.04
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenues of $629.1 million decreased 5.0%, and 3.1% at constant currency (1) , driven primarily by the divestiture of MarkMonitor in October 2022, for which there were no comparable amounts in the current year period and year-over-year strengthening of the US dollar • Organic revenues (1) decreased 0.2% as an increase in subscription revenues of 3.1% was partially offset by a decline in re-occurring revenues of 1.7% and transactional and other revenues of 8.3% • Net income attributable to ordinary shares of $24.7 million decreased $26.1 million driven by the mark-to-market gain on financial instruments in the prior year quarter and an increase in interest costs, which was partially offset by a tax benefit in the current year quarter; Net income per diluted share of $0.04 increased by $0.10
  evidence_url: https://www.sec.gov/Archives/edgar/data/1764046/000176404623000069/0001764046-23-000069-index.htm
- Executive change
  Steen Lomholt-Thomsen departed as Chief Revenue Officer at CLARIVATE PLC.
  - Action: will depart
  - Role: Chief Revenue Officer
  source text: Steen Lomholt-Thomsen, Chief Revenue Officer of Clarivate Plc (the “Company”) will depart from his position, effective July 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1764046/000176404623000069/0001764046-23-000069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.