Clarivate Q2 net loss $141.7M; revenue down 2.6%; lowers 2023 outlook

CLARIVATE PLC

2023-FY EPS reported -$0.17 revenue$1,297,900,000

Revenue $668.8M (-2.6% YoY); organic revenue -0.4%. Net loss $141.7M vs. income $43.7M prior year.
Adjusted EBITDA $284.9M (+3.8%), margin 42.6% (+270bps); adjusted diluted EPS $0.21 (-4.5%).
Free cash flow $104.8M (+111.6%); total debt reduced $150.5M to $4.92B.
FY2023 revenue guidance lowered to $2.685-2.745B from $2.75-2.84B; adjusted EPS to $0.83-0.86 from $0.98-1.03.
Academia & Government improved; IP and Life Sciences & Healthcare fell short of expectations.

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 second quarter ended June 30, 2023 results: revenue $668.8 million, net income Net loss attributable to ordinary shares of $141.7 million, EPS Net loss per diluted share of $0.21.

Period: second quarter ended June 30, 2023
Revenue: $668.8 million
Net income: Net loss attributable to ordinary shares of $141.7 million
EPS: Net loss per diluted share of $0.21
Result: reported results

Exact text from the filing

Second Quarter 2023 Financial Highlights • Revenues of $668.8 million

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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 0001764046-23-000086

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