Clarivate Q1 net loss $93.8M; revenue down 1.3%; adjusted EPS -22%

CLARIVATE PLC

2024-Q1 EPS reported -$0.14 revenue$621,200,000

Net loss per diluted share $0.14 vs income $0.04 YoY; adjusted diluted EPS $0.14, down 22.2%.
Revenue $621.2M (-1.3% YoY); organic revenue -1.7% as subscription +2.4% offset by transactional -11.4%.
Adjusted EBITDA $236.3M (-6.5%); margin 38.0% (-220 bps). Free cash flow $111.8M (-33.5%).
Debt reduced $47.7M to $4.72B; cash $361.8M. Reaffirmed FY2024 outlook.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CLARIVATE PLC updated its the first quarter ended March 31, 2024 guidance (reaffirmed).

Period: the first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 8, 2024, Clarivate Plc (the “Company”) issued a press release announcing earnings for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001764046-24-000062

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