Clarivate reports fourth quarter and full year 2022 results

— provides 2023 outlook — london , march 1, 2023 /prnewswire/ -- clarivate plc - (nyse: clvt) (the "company" or "clarivate"), a global leader in connecting people and organizations to intelligence they can trust, today reported results for the fourth quarter and full year ended december 31, 2022. fourth  quarter 2022 financial highlights revenues of $675.3 million increased 20.4%, and 25.2% at constant currency(1), driven primarily by the acquisition of proquest organic revenues(1) increased 0.5% as increases in subscription revenues of 2.5% and re-occurring revenues of 2.5% were partially offset by a decline in transactional and other revenues of 5.9% net income attributable to ordinary shares was $304.3 million compared to net loss attributable to ordinary shares of $130.4 million in the prior year quarter driven by the gain from the markmonitor divestiture; net income per diluted share of $0.44 increased by $0.64 adjusted net income(1) of $164.0 million increased 0.5%; adjusted income per diluted share(1) of $0.22 decreased 4.3% or $0.01 adjusted ebitda(1) of $304.4 million increased 18.6% driven by earnings contributions from acquisitions, organic growth and cost savings from integration programs; adjusted ebitda margin(1) of 45.1% decreased 70 basis points full year 2022 financial highlights revenues of $2,659.8 million increased 41.7%, and 46.9% at constant currency(1), driven primarily by the acquisition of proquest organic revenues(1) increased 2.6% as increases in subscription revenues of 3.4% and re-occurring revenues of 5.2% were partially offset by a decline in transactional and other revenues of 2.7% net loss attributable to ordinary shares of $4,035.6 million increased $3,723.6 million due to the $4,449.1 million non-cash impairment of goodwill; net loss per diluted share of $6.24 increased by $5.63 adjusted net income(1) of $628.0 million increased 30.4%; adjusted income per diluted share(1) of $0.85 increased 18.1% or $0.13 adjusted ebitda(1) of $1,112.7 million increased 39.0% and adjusted ebitda margin(1) of 41.8% decreased 80 basis points cash flows from operations increased $185.5 million to $509.3 million; adjusted free cash flow(1) increased $62.4 million to $521.8 million "2022 was a pivotal year for clarivate as we made progress on many fronts and transitioned the company for future achievements," said jonathan gear, chief executive officer.
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