earnings
confidence high
sentiment neutral
materiality 0.85
Clarivate Q4 revenue $663M (-3% YoY), adj. EPS $0.21; initiates strategic alternatives review
CLARIVATE PLC
2024-FY EPS reported
-$0.96
revenue$2,556,700,000
- Full year 2024 revenue $2.56B (-2.7% YoY); net loss -$636.7M improved from -$911.2M.
- Adjusted EBITDA full year $1.06B vs $1.12B prior; free cash flow $357.5M, down 28.7%.
- Repurchased $200M shares and pre-paid $198M debt in 2024; new $500M buyback authorization for 2025-26.
- Initiated review of strategic alternatives including potential divestitures; Morgan Stanley and Moelis advising.
- Provides 2025 outlook with focus on subscription and re-occurring revenue growth.