Strategic Shift to Subscription-Based Model
Clarivate is transitioning to a subscription-only strategy for ProQuest ebooks and digital collections, aiming to make up 90% of the AMG portfolio.
Launch of DRG Fusion
A new modular subscription-based real-world data analytics product, shifting focus from transactional data to subscription products.
Increase in Recurring Revenue Mix
Recurring revenue mix is expected to increase from 80% to 87%, improving predictability and profitability.
Strong Cash Flow Management
Operating cash flow for Q4 was $141 million, and the full year reached $647 million, despite challenges.
Improved Net Loss
Net loss for Q4 was $192 million, an improvement of $671 million compared to the same quarter in 2023.