Clarivate reports third quarter 2022 results

-- updates 2022 outlook -- london , nov. 8, 2022 /prnewswire/ -- clarivate plc - (nyse: clvt) (the "company" or "clarivate"), a global leader in providing trusted information and insights to accelerate the pace of innovation, today reported results for the third quarter ended september 30, 2022. third  quarter 2022 financial highlights revenues of $635.7 million increased 43.8%, and 50.9% at constant currency driven primarily by the acquisition of proquest organic revenues(1) increased 1.2% as increases in subscription revenues of 4.3% and re-occurring revenues of 2.4% were partially offset by a decline in transactional revenues of 9.4% net loss attributable to ordinary shares was $4,434.4 million compared to net income attributable to ordinary shares of $6.0 million in the prior year quarter due to the $4,448.6 million non-cash impairment of goodwill; net loss per diluted share of $6.64 increased by $6.52 due to the non-cash impairment of goodwill adjusted net income(1) of $143.7 million increased 26.5%; adjusted income per diluted share(1) of $0.20 increased 25.0% or $0.04 adjusted ebitda(1) of $271.6 million increased 42.9% driven by earnings contributions from acquisitions, organic growth and cost savings from integration programs; adjusted ebitda margin(1) of 42.7% decreased 30 basis points nine months ended september 30, 2022 financial highlights revenues of $1,984.5 million increased 50.8%, and 56.1% at constant currency driven primarily by the acquisition of proquest organic revenues(1) increased 3.4% as increases in subscription revenues of 3.8% and re-occurring revenues of 6.1% were partially offset by a decline in transactional revenues of 1.1% net loss attributable to ordinary shares of $4,339.9 million increased $4,158.4 million due to the $4,448.6 million non-cash impairment of goodwill; net loss per diluted share of $6.66 increased by $6.19 adjusted net income(1) of $464.0 million increased 48.7%; adjusted income per diluted share(1) of $0.63 increased 28.6% or $0.14 adjusted ebitda(1) of $808.3 million increased 48.6% and adjusted ebitda margin(1) of 40.7% decreased 50 basis points cash flows from operations increased $66.9 million to $372.4 million; adjusted free cash flow(1) increased $99.1 million to $414.7 million "our third quarter results reflect improved performance across many key financial metrics including organic subscription and re-occurring revenue during a challenging economic period.
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