Microvast Holdings announces departure of chief financial officer
LONDON - On Wednesday, Clarivate Plc (NYSE:CLVT) reported second-quarter revenue that exceeded analyst expectations, but posted a loss for the period. The provider of intelligence and analytics services generated revenue of $621.4 million, surpassing the consensus estimate of $587.36 million, though it reported a loss of $0.11 per share compared to analysts’ expectations of a $0.17 profit.
The company’s shares were up 2.60% in pre-market trading following the results.
The company’s organic revenues increased 0.5% year-over-year, driven by a 0.8% rise in organic recurring revenues, which was partially offset by lower organic transactional revenues. Organic annual contract value (ACV) grew 1.3% compared to the same period last year. Clarivate highlighted that its mix of organic recurring revenue to total revenue for the first half of 2025 improved to 88%, an 800 basis point increase from 80% at the end of 2024.
"We reported solid second quarter performance and delivered growth in our key metrics. We have good momentum underway building off a solid first half of the year," said Matti Shem Tov, Chief Executive Officer. "There are early indications that our Value Creation Plan is driving improved performance."
Despite the revenue beat, Clarivate posted a net loss of $72.0 million for the quarter, though this marked a significant improvement from the $304.3 million loss in the same period last year. Adjusted EBITDA was $261.6 million, down from $274.4 million in the second quarter of 2024.
The company repurchased 11.5 million ordinary shares during the quarter as part of its ongoing capital return program. For the full year 2025, Clarivate reaffirmed its guidance, projecting revenue between $2.28 billion and $2.40 billion and adjusted earnings per share of $0.60 to $0.70, in line with analyst consensus of $0.65.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.