Financial Performance - Total revenue for Q4 2024 was $663.0 million, a decrease of 3.0% from $683.7 million in Q4 2023[3] - Net loss for Q4 2024 improved to $191.8 million, or $0.27 per diluted share, compared to a net loss of $843.9 million, or $1.30 per diluted share, in Q4 2023[4] - Full year 2024 total revenue was $2.56 billion, down 2.7% from $2.63 billion in 2023[5] - Adjusted EBITDA for Q4 2024 was $285.3 million, a decrease of 4.3% from $298.2 million in Q4 2023[4] - Total revenues for the year ended December 31, 2024, were $2,556.7 million, down 2.7% from $2,628.8 million in 2023[40] - Adjusted EBITDA for Q4 2024 was $285.3 million, with an adjusted EBITDA margin of 43.0%, compared to $298.2 million and 43.6% in Q4 2023[43] - Net income for Q4 2024 was $(191.8) million, improving from $(843.9) million in Q4 2023[43] - The company reported a decline in recurring revenues of 2.1% for the year, totaling $2,056.6 million compared to $2,062.7 million in 2023[40] Cash Flow and Capital Management - Free cash flow for the full year 2024 was $357.5 million, a decrease of 28.7% compared to $501.7 million in the prior year[15] - Free cash flow for Q4 2024 was $59.1 million, down from $127.0 million in Q4 2023[48] - Cash flows from operating activities for the year were $646.6 million, a decrease from $744.2 million in 2023[36] - The company repurchased $200 million of ordinary shares and prepaid $198 million of debt in 2024[1] - The company repurchased ordinary shares worth $200.0 million in 2024, compared to $100.0 million in 2023[36] Revenue Breakdown - Subscription revenues for the full year 2024 increased by $8.7 million, or 0.5%, to $1.63 billion[12] - Subscription revenues for Q4 2024 were $407.0 million, a decrease of 0.9% compared to $410.8 million in Q4 2023[40] - Transactional revenues for Q4 2024 were $144.0 million, a decrease of 6.4% from $153.8 million in Q4 2023[40] - The company achieved organic growth of 0.1% in subscription revenues for the year ended December 31, 2024[40] - Organic Annualized Contract Value (ACV) grew by 0.9% in 2024 compared to 2023, primarily driven by price increases[38] - Total ACV for 2024 declined by 1.1% compared to 2023, mainly due to the divestiture of ScholarOne in November 2024[38] Strategic Initiatives - The company initiated a review of strategic alternatives, including potential divestitures, to maximize shareholder value[16] - The company plans to discontinue certain low-margin transactional products in 2025 and 2026 to improve revenue predictability[8] Future Outlook - The 2025 outlook projects revenues between $2.28 billion and $2.40 billion, with recurring organic revenue growth expected to be flat[20] - Forecasted Net income (loss) for 2025 ranges from $(203) million to $(127) million[50] - Adjusted EBITDA is projected to be between $940 million and $1,000 million, with an Adjusted EBITDA margin of 40.5% to 42.5%[50] - Adjusted diluted EPS is expected to be between $0.60 and $0.70, with a net income (loss) per share ranging from $(0.28) to $(0.18)[51] - Free cash flow is forecasted to be between $300 million and $380 million, with net cash provided by operating activities estimated at $555 million to $635 million[52] - Capital expenditures for 2025 are projected to be $(255) million[52] - The company anticipates restructuring costs of $30 million related to the Value Creation Plan in 2025[50] Asset Management - The total assets decreased from $12,706.8 million in 2023 to $11,490.2 million in 2024, a decline of approximately 9.6%[32] - The company's cash and cash equivalents, including restricted cash, decreased from $370.7 million in 2023 to $295.2 million in 2024, a reduction of 20.3%[36] Expenses - Total operating expenses for Q4 2024 were $725.3 million, significantly lower than $1,471.9 million in Q4 2023[34] - Goodwill and intangible asset impairments for the year were $540.7 million, down from $979.9 million in 2023[34] - Capital expenditures for the year ended December 31, 2024, were $289.1 million, compared to $242.5 million in 2023[48] - Depreciation and amortization expenses are expected to be around $687 million to $697 million[50] - Interest expense is projected to be between $252 million and $262 million[50]

— Accelerates transition from transactional to subscription and re-occurring revenue —— Launches new product innovation for Academia & Government and Life Sciences & Healthcare — — Repurchased $200 million ordinary shares and pre-paid $198 million of debt in 2024 as part of balanced capital allocation strategy —— Initiates review of strategic alternatives including potential divestitures —— Provides 2025 Outlook —LONDON, Feb. 19, 2025 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT) (the "Company" or "Clarivate") ...

Core Insights - Clarivate Plc has announced a new subscription-based content access strategy aimed at providing broad, simple, and affordable access to trusted scholarly content for libraries, enhancing research, teaching, and learning goals [1][4] Industry Trends - The purchasing models for academic content by institutions have evolved, particularly post-pandemic, with libraries facing complex buying models that do not meet their needs for curricula and research [2] - There is a growing reliance on AI-powered chatbots for discovery among students and researchers, which necessitates access to vetted academic content [3] Company Strategy - Clarivate's new strategy includes phasing out one-time perpetual purchases of digital collections and books, transitioning to subscription models throughout 2025 in collaboration with libraries [6] - The introduction of ProQuest Ebooks and ProQuest Digital Collections aims to provide extensive access to high-quality scholarly resources, including over 700,000 Ebooks and 160 million primary source items [5][8] Product Offerings - The ProQuest Ebooks subscription includes multidisciplinary scholarly Ebooks and a new Ebook Central Reader app for enhanced accessibility [8] - The ProQuest Research Assistant is designed to help students and researchers utilize academic AI responsibly, with plans for expansion to support ProQuest Digital Collections [8] Commitment to Libraries - Clarivate emphasizes its commitment to working closely with libraries and publishers to meet the evolving needs of the academic community [9]

Analysts on Wall Street project that Clarivate PLC (CLVT) will announce quarterly earnings of $0.20 per share in its forthcoming report, representing a decline of 13% year over year. Revenues are projected to reach $658.05 million, declining 3.8% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...

Highly recommended in trademark management, searching and watching, renewals and recordals LONDON, Feb. 10, 2025 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a leading global provider of transformative intelligence, has been recognized by the World Trademark Review for three categories in the WTR 1000 2025 . This guide identifies the top trademark professionals and firms in key jurisdictions around the globe. Clarivate has been named as highly recommended in the following practice areas : Trademark Managemen ...

Software-as-a-Service, cloud-based library services and discovery platform to be implemented in nine universities and 82 academic and research libraries across Croatia LONDON, Feb. 5, 2025 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today announced that the National and University Library in Zagreb has selected Clarivate to provide its unified library services and discovery platform. The National and University Library in Zagreb (NSK) is Croatia's le ...

New e-book explores transformative medtech advancements in pulsed field ablation for atrial fibrillation treatment LONDON, Feb. 4, 2025 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT) a leading global provider of transformative intelligence and BioWorld by Clarivate, today published a new e-book, Pulsed field ablation: stunning growth shocks the atrial fibrillation market. The Clarivate e-book highlights new medtech breakthroughs in the pulsed field ablation (PFA) market, forecasting its future growth and showcas ...

Core Insights - The report from Clarivate highlights the significant role of academic research in driving global innovation and societal benefits, emphasizing the collaboration between academia and industry [1][3] Group 1: Key Findings - The report identifies the top 50 universities that contribute to global innovation, based on the number of citations from patents granted to companies on the Top 100 Global Innovators 2024 list [2][5] - Harvard University ranks first, followed by Stanford University and the Massachusetts Institute of Technology (MIT), showcasing the dominance of U.S. institutions in research output [5][7] - The report notes that five organizations—Roche, Johnson & Johnson, CNRS, Samsung Electronics, and Siemens—account for over half (51%) of citations linking top innovations to academic research [5] Group 2: Implications for Stakeholders - University and research institution leaders can benchmark their impact on innovation and enhance knowledge transfer strategies [6] - R&D and innovation executives are encouraged to establish productive academic partnerships to drive innovation [6] - Policymakers and funding bodies can utilize the insights to understand how research investments translate into real-world impacts [6]

Achieving more unified and secure workflows with cloud-based Alma, Primo and Rapido library software solutions from Clarivate LONDON, Jan. 28, 2025 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a leading global provider of transformative intelligence, today announces that the British Library has selected Clarivate to provide its library services and discovery platforms to create a more cohesive, streamlined and secure experience. The British Library will implement Alma, Primo VE and Rapido. Founded in 1973, th ...

LONDON, Jan. 22, 2025 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, announced today it will report its financial results for the fourth quarter and full year 2024 before the market opens on Wednesday, February 19, 2025. The press release and earnings supplement, with accompanying financial information, will be available on the Clarivate investor website at https://ir.clarivate.com. The Company will host a conference call and webcast at 9:00 AM Eastern ...