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LONDON -On Wednesday, Clarivate Plc (NYSE:CLVT) reported fourth-quarter results that missed revenue expectations and provided weaker-than-expected guidance for 2025, sending shares down -4.55% in pre-market trading.
The provider of analytics and intelligence services posted adjusted earnings per share of $0.21 for Q4, beating analyst estimates by $0.01. However, revenue fell 3% YoY to $663 million, missing the consensus forecast of $670.96 million.
Organic revenues decreased 0.7% in the quarter as growth in subscription and transactional revenues was offset by lower re-occurring revenues.
For the full year 2025, Clarivate expects adjusted EPS of $0.60-$0.70, below the $0.73 analysts were projecting. The company’s revenue outlook of $2.28-2.4 billion also came in well below the $2.55 billion consensus estimate.
"We are committed to reinvigorating our business to deliver healthy organic growth and build for the future," said CEO Matti Shem Tov. He noted the company is focused on driving subscription and re-occurring revenue growth while planning to discontinue sales of certain low-margin transactional products.
Clarivate also announced it has initiated a review of strategic alternatives, including potential divestitures of business units or an entire segment. The company said it intends to be diligent in reviewing options to maximize shareholder value.
The weak guidance and revenue miss overshadowed Clarivate’s $200 million share repurchase and $198 million debt prepayment in 2024.
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