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An announcement from Clarivate ( (CLVT) ) is now available.
On February 19, 2025, Clarivate reported its fourth quarter and full year 2024 financial results, showing a total revenue decrease to $2.56 billion from $2.63 billion in 2023. Despite a decreased net loss for the year, the company is actively shifting from transactional to subscription-based revenue, investing in AI-powered products, and considering strategic alternatives such as divestitures. Clarivate also repurchased $200 million in shares and prepaid $198 million of debt in 2024, with a new share repurchase program authorized for 2025-2026.
More about Clarivate
Clarivate Plc is a leading global provider in the transformative intelligence industry, focusing on Academia & Government and Life Sciences & Healthcare. The company offers subscription-based solutions, including ProQuest e-Books, ProQuest Digital Collections, and DRG Fusion, to drive innovation and improve customer success.
YTD Price Performance: -4.85%
Average Trading Volume: 4,833,706
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.48B
For an in-depth examination of CLVT stock, go to TipRanks’ Stock Analysis page.
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