Clarivate reports second quarter 2024 results

— reaffirms 2024 outlook — london , aug. 6, 2024 /prnewswire/ -- clarivate plc (nyse: clvt) (the "company" or "clarivate"), a leading global provider of transformative intelligence, today reported results for the second quarter ended june 30, 2024. second  quarter 2024 financial highlights revenues of $650.3 million decreased 2.8% organic revenues decreased 0.6%, as an increase in subscription revenues of 0.7% was offset by a decrease in re-occurring revenues of 0.7% and transactional and other revenues of 4.1% net loss of $304.3 million; net loss per diluted share of $0.46 adjusted net income(1) of $142.2 million decreased 6.6%; adjusted diluted eps(1) of $0.20 decreased 4.8% or $0.01 adjusted ebitda(1) of $274.4 million decreased 3.7%; adjusted ebitda margin(1) of 42.2% decreased 40 basis points primarily due to lower revenues net cash provided by operating activities of $126.2 million decreased $36.2 million; free cash flow(1) of $60.3 million decreased $44.5 million primarily due to the timing of working capital six months ended june 30, 2024 financial highlights revenues of $1,271.5 million decreased 2.0% organic revenues decreased 1.1% as an increase in subscription revenues of 1.5% was offset by a decline in re-occurring revenues of 2.9% and transactional and other revenues of 7.3% net loss of $379.3 million; net loss per diluted share of $0.61 adjusted net income(1) of $245.7 million decreased 13.2%; adjusted diluted eps(1) of $0.34 decreased 12.8% or $0.05 adjusted ebitda(1) of $510.7 million decreased 5.0%; adjusted ebitda margin(1) of 40.2% decreased 120 basis points primarily due to lower revenues net cash provided by operating activities decreased $87.5 million to $302.4 million; free cash flow(1) decreased $100.9 million to $172.1 million primarily due to lower operating income and increased capital expenditures "we continue to invest in innovation and make progress on our strategy of returning to growth.
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