secwatch.observer — SEC 8-K summary
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Issuer:     CLARIVATE PLC (CLVT)
CIK:        0001764046
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001764046-24-000139
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarivate Q3 revenue down 3.9%, posts net loss; withdraws 2024 outlook
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- Revenue $622.2M (-3.9% YoY); organic revenue -2.6% with transactional sales down 13.6%.
- Net loss $65.6M vs. profit $12.3M a year ago; diluted EPS -$0.09.
- Adjusted diluted EPS $0.19 (-9.5%); Adjusted EBITDA $264.4M (-6.0%), margin 42.5%.
- CEO Matti Shem Tov called results unsatisfactory; Company removed 2024 outlook citing CEO transition and Value Creation Plan.
- Free cash flow $126.3M in Q3 (+24.2% YoY), but YTD FCF fell 20.4% to $298.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1764046/000176404624000139/0001764046-24-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1764046/000176404624000139/clvt-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001764046-24-000139

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