Improved Q1 Performance
Clarivate reported an improved Q1 performance, with total organic revenue growing for the first time in more than a year and recurring organic revenue increasing nearly 1%.
Renewal Rates and Revenue Mix
Subscription renewal rates improved by a percentage point over last year's first quarter, and the mix of recurring revenue to total revenue increased to 83%, an improvement of 200 basis points compared to the previous year.
Strong Free Cash Flow
Free cash flow was strong at $110 million, and the company reaffirmed its full-year 2025 outlook.
Successful Multiyear Deals
Clarivate secured significant multiyear deals, including a strategic SaaS deal with the British Library and a large contract with CAPES in Brazil, demonstrating success in the subscription-first strategy.
AI Features and Product Innovation
Clarivate launched AI-powered features in their products, leading to increased customer engagement and a double-digit increase in search volume for certain products.