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5/17/25 , 11:25 AM Clarivate Reports Second Quarter 2021 Results - Clarivate Home PRESS RELEASE CLARIVATE REPORTS SECOND QUARTER 2021 RESULTS Company Release - 7/29/2021 6:00 AM ET - Updates outlook for 2021 -- LONDON , July 29 , 2021 / PRNewswire / --Clarivate Plc ( NYSE : CLVT ) ( the " Company " or " Clarivate " ) , a global leader in providing trusted information and insights to accelerate the pace of innovation , today reported results for the second quarter ended June 30 , 2021 . ‣ Clarivate Second Quarter 2021 Financial Highlights • • Revenues of $ 445.6 million and Adjusted Revenues ( ¹ ) of $ 447.0 million , increased 59 % and 57 % , respectively , at constant currency Organic revenues ( ¹ ) , which exclude the impact of acquisitions and divestitures , increased 5 % , at constant currency • Net loss of $ 82.2 million increased 225 % ; Adjusted Net Income ( 1 ) of $ 110.0 million increased 58 % • Net loss per diluted share of $ ( 0.13 ) increased $ 0.06 ; Adjusted Income per diluted share ( ¹ ) ( EPS ) of $ 0.17 decreased $ 0.01 due to a 63 % increase in the weighted average ordinary shares outstanding driven primarily by the CPA Global acquisition and the Company's 1H 2020 primary and secondary offerings , which have now been outstanding for a full period • Adjusted EBITDA ( 1 ) of $ 189.0 million increased 89 % and Adjusted EBITDA Margin ( 1 ) of 42 % increased 610 basis points First Half 2021 Financial Highlights • Revenue of $ 874.1 million and Adjusted Revenue ( 1 ) of $ 878.5 million increased 66 % and 65 % , respectively , at constant currency • Organic revenues ( [ 1 ] ) , which exclude the impact of acquisitions and divestitures , increased 6 % , at constant currency • Net loss of $ 106.2 million decreased 32 % ; Adjusted Net Income ( 1 ) of $ 198.4 million increased 109 % • Net loss per diluted share of $ ( 0.17 ) decreased 60 % or $ ( 0.26 ) ; Adjusted Income per diluted share ( ¹ ) ( EPS ) of $ 0.31 increased 24 % or $ 0.06 • Adjusted EBITDA ( 1 ) of $ 353.8 million increased 98 % and Adjusted EBITDA Margin ( 1 ) of 40 % increased 600 basis points • Cash Flow from Operations increased $ 154 million to $ 262 million ; Adjusted Free Cash Flow ( 1 ) increased $ 138.9 million to $ 258.5 million 1 Represents a Non - GAAP measure . Please see " Reconciliation to Certain Non - GAAP measures " in this earnings release for important disclosures and reconciliations of these financial measures to the most directly comparable GAAP measure . These terms are defined elsewhere in this earnings press release . https://clarivate2023indexrb.q4web.com/news-events/press-releases/news-details/2021/Clarivate-Reports-Second-Quarter-2021-Results/default.aspx 1/28